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The following labor standards have been established for a particular product:

Standard labor-hours per unit of output...................5.0 hours
Standard labor rate....................................$19.85 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked...................................7300 hours
Actual total labor cost............................$148190
Actual output.........................................1400 units

What is the labor efficiency variance for the month?

A) $9,240 F
B) $5,955 U
C) $9,240 U
D) $6,090 U

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M978340

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