Cost standards for one unit of product no. C77: Direct material 3 pounds...
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Accounting
| Cost standards for one unit of product no. C77: | ||||
| Direct material | 3 pounds at $2.60 per pound | $ | 7.80 | |
| Direct labor | 5 hours at $7.50 per hour | 37.50 | ||
| Actual results: | ||||
| Units produced | 8,000 units | |||
| Direct material purchased | 26,600 pounds at $2.80 | $ | 74,480 | |
| Direct material used | 23,700 pounds at $2.80 | 66,360 | ||
| Direct labor | 40,700 hours at $7.30 | 297,110 | ||
Use the information to compute the following variances. The direct-labor efficiency variance is:
Multiple Choice
$7,984 F.
$7,984 U.
$5,250 F.
$5,250 U.
None of the answers is correct.
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