Answer:
efficiency variance $15,050.00 FAVORABLE
Explanation:
[tex](standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance[/tex]
std hours 14,000.00
actual hours 11,850.00
std rate $7.00
difference 2150.00
efficiency variance $15,050.00
standar hours: 4hs per unit times 3,500 units produced during the period
equal to 14,000 hours
The diference is positive, so the variance is favorable