Accounting

Moving to another question will save this response. 4 points Save Answer A company is producing wagons to sell. The company expects to produce 10,000 wagons this year and take three hours of direct labor to complete each one. The direct labor is supposed to cost $15 per hour, The company actually works 31,000 hours but only produces 9,800 wagons. The labor cost is $496,000 or $16 per hour. In a standard cost accounting system, what is the labor efficiency variance? $15,000 unfavorable $16,000 unfavorable $24,000 unfavorable $25,600 unfavorable