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Use the following information for the next two questions. Consider the flexible budget information for Greene Company, which produces decorative mailboxes: 500 mailboxe $270,600 6,000
Use the following information for the next two questions. Consider the flexible budget information for Greene Company, which produces decorative mailboxes: 500 mailboxe $270,600 6,000 mailboxes $295,200 6.500 mailboxes S319,800 Direct labor Each mailbox requires 6 hours of labor. Greene's budget at the start of the year was for 6,000 mailboxes, but actual production was 6,100 mailboxes. Actual direct labor amounted to $300,760 for 36,500 hours of labor used in production. 3. The labor rate variance is a) $1,460 unfavorable b) $1,460 favorable c) $4,120 unfavorable d) e) $4,120 favorable Some other answer The labor efficiency variance is a) $4,100 unfavorable b) $5,740 favorable c) $15,580 favorable 4. d) e) $820 favorable Some other
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