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Cost standards for one unit of product no. C77: Direct material 3 pounds...

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Accounting

Cost standards for one unit of product no. C77:
Direct material 3 pounds at $2.60 per pound $ 7.80
Direct labor 5 hours at $7.50 per hour 37.50
Actual results:
Units produced 8,000 units
Direct material purchased 26,600 pounds at $2.80 $ 74,480
Direct material used 23,700 pounds at $2.80 66,360
Direct labor 40,700 hours at $7.30 297,110

Use the information to compute the following variances. The direct-labor efficiency variance is:

Multiple Choice

$7,984 F.

$7,984 U.

$5,250 F.

$5,250 U.

None of the answers is correct.

Answer & Explanation Solved by verified expert
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