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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 $12.00 per hour. During February, Madrid Co. paid $100,300 to employees for 9,150 hours worked. 2,410 units were produced during February. What is the direct labor efficiency variance?

  • $5,880 favorable

  • $15,380 favorable

  • $9,500 favorable

  • $8,652 favorable

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