Hofbauer Inc. has provided the following data concerning one of the products in its standard cost system.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect labor0.30 hours$21.00 per hourThe company has reported the following actual results for the product for September: Actual output 5,600unitsActual direct labor-hours 1,540hoursActual direct labor rate$21.40per hourActual direct labor cost$32,956 The labor efficiency variance for the month is closest to:
A. $2,940 U
B. $2,940 F
C. $2,996 U
D. $2,996 F
Answer: B
Business
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