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
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$4,552 favorable
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$14,140 favorable
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$8,740 favorable
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$5,400 favorable
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