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The following labor standards have been established for a particular product: 
The following data pertain to operations concerning the product for the last month: 
What is the labor efficiency variance for the month?
A) $9,790 F
B) $11,095 U
C) $9,955 F
D) $11,095 F
Labor Efficiency Variance
The difference between the actual number of labor hours used in production and the standard hours expected for that level of production, multiplied by the standard hourly labor rate.
Particular Product
A specific item or commodity that is produced or sold by a business.
Last Month
Refers to the month immediately preceding the current month, used in reporting and analysis to compare recent performance or activity.
- Establish the benchmark costs and pricing differentials in budgeting processes.
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Learning Objectives
- Establish the benchmark costs and pricing differentials in budgeting processes.
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