Gilder Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for June is:
A)$640 F
B)$640 U
C)$612 F
D)$612 U

Question

Gilder Corporation makes a product with the following standard costs:  The company reported the following results concerning this product in June.  The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for June is:
A)$640 F 
B)$640 U 
C)$612 F 
D)$612 U

Quizplus · Accepted Answer

The Answer of Gilder Corporation makes a product with the following standard costs:  The company reported the following results concerning this product in June.  The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for June is:
A)$640 F 
B)$640 U 
C)$612 F 
D)$612 U

Gilder Corporation Makes a Product with the Following Standard Costs