ssume the following: The standard labor rate per hour is $18.00. The standard labor - hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 43,700 hours. The total actual direct labor cost for the period was $726,000. The company produced 15,000 units of finished goods during the period. What is the labor efficiency variance? Multiple Choice $23, 400 U $23,400 F S60, 600 U $60,600 F

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.