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A company manufactures a single product and uses a standard costing system. For the product, the company uses a standard of 4 Direct Labor Hours

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A company manufactures a single product and uses a standard costing system. For the product, the company uses a standard of 4 Direct Labor Hours allowed per unit. For the most recent period: Selected results for the most recent period were: Budgeted Production Actual Production Actual Direct Labor Cost Labor Rate Variance Labor Spending Variance 2,800 units 2.500 units $104,620 $64,130 Favorable $7,880 Favorable Based on this information, actual Direct Labor Hours were: (ANS) hours

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