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Madrid Co. has a direct labor standard of 4 hours per unit of output. Each...

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Accounting

Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $11.50 per hour. During February, Madrid Co. paid $100,400 to employees for 9,200 hours worked. 2,490 units were produced during February. What is the direct labor efficiency variance?

Multiple Choice

  • $4,552 favorable

  • $14,140 favorable

  • $8,740 favorable

  • $5,400 favorable

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