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What is the direct labor efficiency? variance

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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 popular products were as? follows:

Direct? materials: 3 pounds per? unit; $4 per pound

Direct? labor: 4 hours per? unit; $15 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 $270,000. What is the direct labor efficiency? variance?

Reference no: EM132579534

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