Holiday Chemical Corporation uses a standard cost system to collect the costs associated with the production of
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Question:
Holiday Chemical Corporation uses a standard cost system to collect the costs associated with the production of its "bowling ball" fruitcakes. The direct labor standard for each fruitcake is 1.25 hours at a standard cost of $11.00 per hour. During the month of November, Holiday's fruitcake production used 9,820 direct labor hours for a total direct labor cost of $106,547. This resulted in a production of 8,500 fruitcakes for November.
What is Holiday's labor efficiency variance for November?
Expert Answer:
ANSWER To calculate the labor efficiency variance we need to compare the actual direct labor hours u... View the full answer
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