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A company uses the following standard costs to produce a single unit of output. Direct...

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Accounting

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A company uses the following standard costs to produce a single unit of output. Direct materials Direct labor Manufacturing overhead 7 pounds at $1.10 per pound 0.5 hour at $9.00 per hour 0.5 hour at $3.60 per hour $7.70 $4.50 $1.80 During the latest month, the company purchased and used 68,000 pounds of direct materials at a price of $1.20 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $41,480 based on 4,880 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $14,000 and fixed manufacturing overhead incurred was $19,000. Based on this information, the direct labor efficiency variance for the month was: Multiple Choice $2,440 favorable $1,080 favorable $1.000 unfavorable

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