M&S Inc. uses standard costing. The actual cost of direct labor per hour is $6.25 and the
Fantastic news! We've Found the answer you've been seeking!
Question:
M&S Inc. uses standard costing. The actual cost of direct labor per hour is $6.25 and the standard cost of direct labor per hour is $6.00. Two budgeted direct labor hours are allowed per finished good. During the current period, 250 finished goods were produced using 475 direct labor hours. What is the labor efficiency variance?
Related Book For
Construction accounting and financial management
ISBN: 978-0135017111
2nd Edition
Authors: Steven j. Peterson
Posted Date: