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What is the direct labor efficiency variance for madrid co

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Reference no: EM132754215

Problem 1: Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $11.50 per hour. During February, Madrid Co. paid $100,000 to employees for 9,240 hours worked. 2,480 units were produced during February. What is the direct labor efficiency variance?

Option 1: $5,412 favorable
Option 2: $7,820 favorable
Option 3: $14,080 favorable
Option 4: $6,260 favorable

Reference no: EM132754215

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