FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following information describes a company's usage of direct labor in a recent period:
Actual direct labor hours used
|
35,000
|
Actual rate per hour
|
$21.00
|
Standard rate per hour
|
$10.00
|
Standard hours for units produced
|
25,000
|
How much is the direct labor efficiency variance?
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