Dirickson Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
The company has reported the following actual results for the product for July:
-The labor efficiency variance for the month is closest to:
Definitions:
Book Value Per Share
A financial measure that divides a company's net asset value less any intangible assets and liabilities by the number of outstanding shares.
Par Value
The face value of a security as stated by the issuing company, which may or may not reflect its market value.
Stockholders' Equity
The residual interest in the assets of a corporation that remains after deducting its liabilities.
Book Value Per Share
The equity available to common shareholders divided by the number of outstanding shares.
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