$96.$ A company's budgeted sales for last month were $20,000$ units with a standard selling price of $$25$ per unit and a standard contribution to sales ratio of $60\%.$ Actual sales for last month were $21,000$ units with total revenue of $$504,000.$ Compute the sales price variance for last month.

a$.$ $$20,000$ Adverse.

b$.$ $$20,000$ Favorable.

c$.$ $$21,000$ Adverse.

d$.$ $$21,000$ Favorable.

$97.$ The following data relates to the Polishing Department of Glory Production Limited for last year.

Budgeted production overhead cost Budgeted labor hours

Actual production overhead cost Actual labor hours

$$360,00080,000$ hours $$380,00082,000$ hours

Calculate the pre$-$determined overhead absorption rate per labor hour for the Polishing Department for last year.

a$.$ $$4\mathrm{.}39$ per labor hour.

b$.$ $$4\mathrm{.}50$ per labor hour.

c$.$ $$4\mathrm{.}63$ per labor hour.

d$.$ $$4\mathrm{.}75$ per labor hour.