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Dirickson Incorporated has provided the following data concerning one of the products in its standard...

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Accounting

Dirickson Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.

Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate
Direct materials 7.6 ounces $ 9.40 per ounce
Direct labor 0.10 hours $ 18.00 per hour
Variable manufacturing overhead 0.10 hours $ 5.30 per hour

The company has reported the following actual results for the product for July:

Actual output 7,600 units
Raw materials purchased 63,000 ounces
Actual cost of raw materials purchased $ 541,800
Raw materials used in production 57,750 ounces
Actual direct labor-hours 820 hours
Actual direct labor cost $ 16,072
Actual variable overhead cost $ 4,592

The labor efficiency variance for the month is closest to:

$1,080 F

$1,176 F

$1,080 U

$1,176 U

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