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What is Hassocks labor rate variance for August

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Question - Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single wall hanging. Hassock's standard labor cost is $16 per hour. During August, Hassock produced 15,000 units and used 60,170 hours of direct labor at a total cost of $960,720. What is Hassock's labor rate variance for August?

a. $1,994 favorable.

b. $2,000 unfavorable.

c. $2,000 favorable.

d. $3,994 favorable.

e. $1,994 unfavorable.

Reference no: EM132515330

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