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Holiday Chemical Corporation uses a standard cost system to collect costs related to the production...

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Accounting

Holiday Chemical Corporation uses a standard cost system to collect costs related to 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 at a total direct labor cost of $106,547. This resulted in production of 8,500 fruitcakes for November. What is Holiday's labor efficiency variance for November? Please Help with steps how to complete. Thank you.

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