Find the direct labor rate variance if the company produced

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Question 1: Use the following data to find the direct labor rate variance if the company produced 3,500 units during the period.

Direct labor standard (4 hrs. @ $7.00/hr.) $28.00 per unit

Actual hours worked 11,850

Actual rate per hour $7.40

Option 1: $4,740 favorable.

Option 2: $5,600 favorable.

Option 3: $4,740 unfavorable.

Option 4: $5,600 unfavorable.

Option 5: $15,050 favorable.

Reference no: EM132527524

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