Mid City Products Inc. (MCP) , developed standard costs for direct material and direct labor. In 2017, MCP estimated the following standard costs for one of their most popular products.
During September, MCP produced and sold 2,000 units using 14,400 pounds of direct materials at an average cost per pound of $7.00 and 950 direct labor hours at an average wage of $10.40 per hour.
The direct labor flexible-budget variance during September is ________.
Definitions:
Costs and Benefits
The analysis or consideration of the negative and positive impacts of a decision or action.
High-Achieving
Pertaining to individuals or entities that significantly exceed the standard performance expectations in their activities or tasks.
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Refers to women who have achieved significant accomplishments or recognition in their professional, personal, or public lives.
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