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Safari File Edit View History Bookmarks Window Help blackboard.pace.edu PACE UNIVERSITY My Resource Page Courses Community ePortfolioBookstore Library Help QUESTION 3 10 points Save Answer 1. The Harwood Company makes Harwood tables for which the following standards have been developed Standard Price Expected per Standard Inputs Expected for Each Unit of Output 10 pounds 3 hours Unit of Output Direct materials $4 per pound Direct labor $16 per hour Company planned to produce 200 tables in the month. The actual production was 220 tables. Direct materials purchased and used were 2,100 pounds at an actual price of $4.40 per pound. The company incurred actual direct labor costs of $10,620 for total 590 hours. What is the direct labor efficiency variance for the month of March? a. $1,260 unfavorable b. $1,260 favorable c. $1,120 unfavorable d. $1,120 favorable e. Correct answer not listed O b. O c a Disla DEC oc.docx 17 3D

Explanation / Answer

ANSWER = D

Direct labor efficiency variance = ( standard hours - actual working hours ) * standard rate

= (220*3hr - 590hours ) * 16

= 1120 F

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