Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, AII estimated the following standard costs for one of their major products, the 10-gallon plastic container.
Budgeted quantity Budgeted price
Direct materials 0.30 pounds $90 per pound
Direct labor 0.25 hours $30 per hour
During June, Heavy Products produced and sold 15,000 containers using 2,400 pounds of direct materials at an average cost per pound of $92 and 3,750 direct manufacturing labor-hours at an average wage of $91.25 per hour.
The direct manufacturing labor efficiency variance during June is ________.
Group of answer choices
$918,750 unfavorable
$229,687.5 favorable
$0
$85,547 unfavorable
Labor efficiency variance
= (Standard hours - Actual hours) * standard rate
= (15,000*0.25 - 3,750) * 30
= (3,750 - 3,750) * 30
= 0 * 30
= 0
Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, AII estimated...
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