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22) Ivanovich Company produces 2,500 units. Each unit was expected to require 2 labor hours at a cost of $10 per hour. Total labor cost
22) Ivanovich Company produces 2,500 units. Each unit was expected to require 2 labor hours at a cost of $10 per hour. Total labor cost was $52,250 for 4,750 hours worked. Direct labor is measured in labor hours. What is the flexible budget variance for direct labor?
A) $2,250 Favorable
B) $2,250 Unfavorable this is correct. please explain why
C) $7,500 Favorable
D) $7,500 Unfavorable
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