Find the labor efficiency variance

Reference no: EM139777

The standard costs and actual costs for direct materials, direct labor, and factory overhead for the manufacture of 2,500 units of product are as follows:

Standard Costs @ 2,500 units:
Direct materials	2,500 kilograms @ $8/kg
Direct labor	7,500 hours @ $12/hr
Actual Costs @ 2,500 units:
Direct materials	2,600 kilograms @ $8.75
Direct labor	7,400 hours @ $11.40

The labor efficiency (quantity) variance is:

1. $5,640 favorable

2. $4,500 favorable

3. $4,440 favorable

4. $1,200 favorable

5. $1,140 favorable

Reference no: EM139777

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