Benson Company manufactures special metallic materials for luxury homes that require highly skilled labor. Benson uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 2 pounds per unit; $4 per pound Direct labor: 5 hours per unit; $14 per hour Benson produced 5,000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 30,000 direct labor hours and actual total direct labor costs were $225,000. What is the direct labor efficiency variance? A. $70,000 F 0 B. $70,000 U O C. $125,000 F O D. $125,000 U
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Benson Company manufactures special metallic materials for luxury homes that require highly skilled labor. Benson uses standard costs to ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Product (Segment) elimination decision. The Kelsh Company has two divisions--North and South. The divisions have the following revenues and expenses: North South Sales $900,000 $800,000 Variable expenses 450,000 300,000 Traceable fixed expenses
Answers (1)
A special agent is authorized to: a. do anything that can be lawfully delegated to a representative b. conduct a specific transaction c. handle all of the principal's affairs in one or more areas d. enter into contracts on the principal's behalf
Answers (2)
Beverly Hills started a paper route on January 1. Every three months, she deposits $550 in her bank account, which earns 8 percent annually but is compounded quarterly Four years later, she used the entire balance in her bank account to invest in an
Answers (1)
A CPA issued an unqualified opinion on the financial statements of a company that sold common stock in a public offering subject to the Securities Act of 1933.
Answers (1)
Pastina company sells various types of pasta to grocery chains as private label brands. the company's fiscal year-end is december 31. the unadjusted trial balance as of december 31, 2016, appears below.
Answers (1)
New Questions in Business
In specialized fields, technical knowledge is more important to employers than communication skills when deciding whom to hire and promote. (A) True (B) False
Answers (1)
What would be the consequences if a health care organization follows the guidelines of transparency and allows the free flow of information?
Answers (2)
Marginal cost equals: a) total cost divided by quantity of output produced. b) total output divided by the change in total cost. c) the slope of the total cost curve. d) the slope of the line drawn from the origin to the total cost curve.
Answers (2)
Dependable Motors just purchased some MACRS five-year property at a cost of $216,000. The MACRS rates are. 2,.32, and. 192 for Years 1 to 3, respectively.
Answers (1)
For over 700 years, the city of granada and much of spain was ruled by which people?
Answers (2)