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Talladega Industries, Inc., (TII) developed the following standard costs for direct material and direct labor...

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Accounting

Talladega Industries, Inc., (TII) developed the following standard costs for direct material and direct labor for one of their major products, the 10-gallon plastic container.

Standard quantity

Standard price

Direct materials

0.10 pounds

$30 per pound

Direct labor

0.05 hours

$15 per hour

During August, TII produced and sold 10,000 containers using 980 pounds of direct materials at an average cost per pound of $32 and 500 direct labor hours at an average wage of $15.25 per hour. August's direct labor efficiency variance was:

Select one:

a. $125 unfavorable.

b. $125 favorable.

c. $142,375 favorable.

d. None of the above is correct.

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