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Variance Analysis - YaHo, Inc.; Background information for YaHo, Inc. YaHo, Inc. has provided the following standards data concerning one of their products. Assume that

Variance Analysis - YaHo, Inc.; Background information for YaHo, Inc.

YaHo, Inc. has provided the following standards data concerning one of their products. Assume that all overhead costs are variable, and that variable overhead is applied to products based on direct labor (DL) hours. YaHo, Inc. planned to produce 4,650 units of this product in July.

Inputs

Standard quantity or standard hours of input per unit of output

Standard price or rate per unit of input

Direct materials

5.2 liters

$4.30 per liter

Direct labor

0.80 DL hours

$14.00 per DL hour

Variable overhead

0.80 DL hours

$2.75 per DL hour

The following are the actual results for July:

Actual output

4,450 units

Raw materials purchased and used

23,585 liters

Actual cost of raw materials purchased

$94,800

Actual direct labor hours used

4,183 DLh

Actual direct labor cost

$50,196

Actual variable overhead cost

$11,020

Variance Analysis - YaHo, Inc.; DM Efficiency Variance

Use the information provided for YaHo, Inc. Calculate the direct materials efficiency variance for the month of July for YaHo, Inc. Regardless of whether the variance is favorable or unfavorable, please submit a positive amount (non-negative number). Please enter your answer in whole dollars. Please include only numerals (i.e., do not include a $).

Variance Analysis - YaHo, Inc.; DM Efficiency Variance Classification

The DM Efficiency Variance for YaHo, Inc. is:

Group of answer choices

1- Favorable

2- Unfavorable

Help me figure it out please!

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