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Find what is the direct labor efficiency variance

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Reference no: EM132590518

Benson Company manufactures special metallic materials for luxury homes that require highly skilled labor. Benson uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their products were as follows:

Direct materials: 2 lbs per unit; $3 per lb
Direct labor: 5 hours per unit; $16 per hour

Question 1: Benson produced 5,000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 30,000 direct labor hours and actual total direct labor costs were $225,000. What is the direct labor efficiency variance?

Option A. $175,000 F

Option B. $80,000 F

Option C. $175,000 U

Option D. $80,000 U

Reference no: EM132590518

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