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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on...

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Accounting

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct
labor-hours and its standard cost card per unit is as follows:
The planning budget for March was based on producing and selling 21,000 units. However, during March the company
actually produced and sold 26,600 units and incurred the following costs:
a. Purchased 154,000 pounds of raw materials at a cost of $9.50 per pound. All of this material was used in production.
b. Direct laborers worked 63,000 hours at a rate of $13 per hour.
c. Total variable manufacturing overhead for the month was $510,930.
What is the labor efficiency variance for March?
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