po This Question: 2 pts6 of 9 (0 complete)This Quiz: 20 pts Banner Systems is a

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po This Question: 2 pts6 of 9 (0 complete)This Quiz: 20 pts Banner Systems is a start-up company that makes connectors for high-speed Internet connections. Banner has budgeted three hours of direct labor per connector, at a standard cost of $13 per hour. During August, technicians actually worked 190 hours completing 70 connectors. All 70 connectors actually produced were sold. Banner paid th What is Banner's direct labor efficiency variance for August? O A. $108.00 F O B. $276.00 F O C. $260.00 F O D. $2,622.00 F

Explanation / Answer

Ans C) $260.00 F

BUDGETED (1 UNIT) STANDARD (70 UNITS) ACTUAL (70 UNITS) HOURS RATE AMOUNT HOURS RATE AMOUNT HOURS RATE AMOUNT 3 13 39 210 13 2730 190 13.8 2622 (3*70) Labour Efficiency Variance = (Standard hours -Actual Hours) * Standard Price (210 - 190) * 13 260 Favourable

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