(Answered) Question - abc company reports the following information

Accounting

Question - ABC Company reports the following information for the most recent period when 2,750 units were produced.

Cost Standard Actual

Materials 2 lbs. @ $5.00 per pound 7,000 pounds purchased for $34,650

Labor 0.50 hours @ $8.00 per hour 1,400 hours @ $7.95 per hour

Refer to ABC Company. Calculate the direct labor efficiency variance.

1. $200 U

2. $130 U

3. $270 U

4. $70 F

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