Tout Corporation makes a product that has the following direct labor standards: Standard direct labor-hours...
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Accounting
Tout Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.1 hours per unit Standard direct labor rate $22.00 per hour Standard cost $2.20 per unit The company budgeted for production of 6,400 units in October, but actual production was 6,500 units. The company used 610 direct labor-hours to produce this output. The actual direct labor rate was $21.80 per hour. The labor efficiency variance for October is:
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