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Determine the direct labor rate variance

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Reference no: EM131785181

The following data is given for the Harry Company:

Budgeted production 1,057 units
Actual production   913 units
Materials:  
    Standard price per ounce $1.75
    Standard ounces per completed unit 11
     Actual ounces purchased and used in production 9,742
    Actual cost of materials $19,971
Labor:  
    Standard hourly labor rate $15.00 per hour
    Standard hours allowed per completed unit 4.0
     Actual labor hours worked 4,701.95
    Actual total labor costs $71,705
Overhead:  
    Actual and budgeted fixed overhead $1,038,796
    Standard variable overhead rate $26.00 per standard labor hour
     Actual variable overhead costs $131,655
Overhead is applied on standard labor hours.

Determine the direct labor rate variance.

Reference no: EM131785181

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