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24 AGL Inc. provided the following data related to the direct labor costs for the current period: Rate Hours per unit Standard $17.50 1.2 Actual

24 AGL Inc. provided the following data related to the direct labor costs for the current period: Rate Hours per unit Standard $17.50 1.2 Actual $15.50 1.4 Actual production was 10,000 units while the planned production was 12,000 units Determine the direct labor cost variance. -$35,000 favorable $35,000 unfavorable O $7,000 unfavorable O-$7,000 favorable D 3 pts

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