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Determine the direct labor rate variance

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Reference no: EM133061052

Question - The following data is given for the Harry Company:

Budgeted production 1,084 units

Actual production 964 units

Materials:

Standard price per ounce $1.816

Standard ounces per completed unit 11

Actual ounces purchased and used in production 10,922

Actual price paid for materials $22,390

Labor:

Standard hourly labor rate $14.08 per hour

Standard hours allowed per completed unit 4.3

Actual labor hours worked 4,965

Actual total labor costs $80,681

Overhead:

Actual and budgeted fixed overhead $1,110,000

Standard variable overhead rate $24.00 per standard labor hour

Actual variable overhead costs $139,020

Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.)

Required - Determine the direct labor rate variance?

a. $22,316.58 unfavorable

b. $10,774.05 unfavorable

c. $22,316.58 favorable

d. $10,774.05 favorable

Reference no: EM133061052

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