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What is the direct labor effieciency variance? QUESTION 6 10 p Norva, Inc. has budgeted the following costs for the manufacture of XP1, a component

What is the direct labor effieciency variance?

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QUESTION 6 10 p Norva, Inc. has budgeted the following costs for the manufacture of XP1, a component used in several of its products in 2021. 4,500 units of XP1 13,500 ounces at planned production Budgeted Direct Materials (total) $0.40 per ounce Budgeted Direct Labor (total) per hour 1,500 hours at $35.00 Actual production 4,800 units of XP1 Actual Direct Materials used (total) 14,500 ounces at $0.44 per ounce Actual Direct Labor used (total) 1,550 hours at $35.8 per hour what is the direct labor efficiency variance? (Note this could be a positive number indicating an unfavorable variance or a negative number indicating a favorable variance.)

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