Ritchie Company Ritchie Company uses a standard cost system for its production process. Ritchie Company applies overhead based on direct labor hours. The following information is available for July:
Refer to Ritchie Company Using the three-variance approach, what is the efficiency variance?
A) $11,770 F
B) $2,200 F
C) $7,975 U
D) $5,775 U

Question

Ritchie Company Ritchie Company uses a standard cost system for its production process. Ritchie Company applies overhead based on direct labor hours. The following information is available for July:
 Refer to Ritchie Company Using the three-variance approach, what is the efficiency variance?
A) $11,770 F 
B) $2,200 F 
C) $7,975 U 
D) $5,775 U

Quizplus · Accepted Answer

The Answer of Ritchie Company Ritchie Company uses a standard cost system for its production process. Ritchie Company applies overhead based on direct labor hours. The following information is available for July:
 Refer to Ritchie Company Using the three-variance approach, what is the efficiency variance?
A) $11,770 F 
B) $2,200 F 
C) $7,975 U 
D) $5,775 U

Ritchie Company Ritchie Company Uses a Standard Cost System for Its