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What is the labor efficiency variance

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Reference no: EM131539524

Question: Refer to Quick Check 7; the labor rate variance is

(a) $625 F or

(b) $625 U.

Quick Check 7: The following information is available for York Company.

Actual direct labor hours per unit . . . . . . . . . . . . . . 2.5 hours

Standard direct labor hours per unit . . . . . . . . . . . . 2.0 hours

Actual production (units) . . . . . . . . . . . . . . . . . . . . . 2,500 units

Budgeted production (units) . . . . . . . . . . . . . . . . . . 3,000 units

Actual rate per hour . . . . . . . . . . . . . . . . . . . . . . . . $3.10

Standard rate per hour . . . . . . . . . . . . . . . . . . . . . . $3.00

The labor efficiency variance is (a) $3,750 U, (b) $3,750 F, or (c) $3,875 U

Reference no: EM131539524

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