https%3A%2F %2F connec Connect Saved Chapter 10 Multple Choice Quiz 10 questions

Question

https%3A%2F %2F connec Connect Saved Chapter 10 Multple Choice Quiz 10 questions-60 mi.. Tharaldson Corporation makes a product with the following standard costs Standard Quantity Standard Price Standard Cost 16.80 per Unit or Rate or Hours 5.6 s 3.00 per Direct materials ounces ounce 0.3 hours 10.00 per hour3.00 $ 7.00 per hour 2.10 80024Direct 1abor Variable overhead 0.3 hours The company reported the following results conceming this product in June. 4,000 units 4, 000 units 23, 000 ounces 21.700 ounces originally budgeted output Actual output Raw materials used in production Purchases of raw naterials Actual direct labor hours Actual cost of raw materials purchases Actual direct labor cost etual variable overhead cost $40 hourS $ 42,700 S 14, 000 S 4,000

Explanation / Answer

Labour efficiency variance is the difference between actual hours and standard hours which is then multiplied by standard rate per hour.

Labour efficiency variance for June is $6,600 Favourable.

So, answer is A.

Labour efficiency variance Actual hours Standard hours AH-SH Standard rate Variance (AH-SH)*SR 540 1,200 -660 10 -6,600 Favourable

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