Determine what is the direct labor rate variance

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Question 1: A job was budgeted to require 4 hours of labor per unit at $11.00 per hour. The job consisted of 7,000 units and was completed in 24,000 hours at a total labor cost of $312,900. What is the direct labor rate variance?

Option 1: $44,000 unfavorable.

Option 2: $48,900 unfavorable.

Option 3: $4,900 unfavorable.

Option 4: $48,900 favorable.

Option 5: $44,000 favorable.

Reference no: EM132527553

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