Hofbauer Incorporated has provided the following data concerning one of the products in its standard cost system. The company has reported the following actual results for the product for September:
The labor efficiency variance for the month is closest to:
A) $2,940 Unfavorable
B) $2,940 Favorable
C) $2,996 Favorable
D) $2,996 Unfavorable

Question

Hofbauer Incorporated has provided the following data concerning one of the products in its standard cost system.  The company has reported the following actual results for the product for September:
 The labor efficiency variance for the month is closest to:
A) $2,940 Unfavorable 
B) $2,940 Favorable 
C) $2,996 Favorable 
D) $2,996 Unfavorable

Quizplus · Accepted Answer

The Answer of Hofbauer Incorporated has provided the following data concerning one of the products in its standard cost system.  The company has reported the following actual results for the product for September:
 The labor efficiency variance for the month is closest to:
A) $2,940 Unfavorable 
B) $2,940 Favorable 
C) $2,996 Favorable 
D) $2,996 Unfavorable

Hofbauer Incorporated Has Provided the Following Data Concerning One of the Products