Exam 23: Standard Costing and Variance Analysis

Using the labor time standard of 0.5 labor hour per unit and a labor cost standard of $10 per labor hour for a 10 pound bag of chocolate and the following actual cost and usage data,compute the direct labor efficiency variance. Direct labar hours used 4,950 hours Total cost of direct labor \ 53,460 Number of good units produced 9,000 units

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