Question
The organization budgeted $400,000 for 40,000 hours of
direct labor to complete 16,000 units of finished product. The firm used 42,000 direct labor hours and completed 17,000 units of finished product. What is the direct labor efficiency variance if the actual wage rate is 11/hour?Solution
Answer: LEV = (Actual Hours – Standard Hours) * Standard Rate .Here, LEV = (42000-42500)*10 = 5000F Here, Standard rate = 400000/40000 = 10/ hour And standard hours = 17000*40000/16000 = 42500.
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Which of the following can be most suitably be filled in blank a?
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World Forestry Day is celebrated on
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