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Find the direct labor efficiency variance

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Question 1: Use the following data to find the direct labor efficiency variance if the company produced 3,500 units during the period.

Direct labor standard (4 hrs. @ $7.10/hr.) $28.40 per unit

Actual hours worked 12,600

Actual rate per hour $7.40

Option 1: $4,200 unfavorable.

Option 2: $4,200 favorable.

Option 3: $3,780 unfavorable.

Option 4: $9,940 favorable.

Option 5: $3,780 favorable.

Reference no: EM132527541

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