Bear Company has set the following standards for the production of one unit of output: Direct labor: 4 hours at $7.00 per hour $28 per unit. During June, actual production amounted to 420 units of output. Actual direct labor hours worked were 1,720 hours and total direct labor costs were $12,212. The labor rate variance for June is: $168 U $172U $168F $2800 QUESTION 35 Wild Inc. sells organic sunscreen at the beach. Each tube of sunscreen costs $3.00 to purchase, and sells for $11.00. Wild Inc. also pays its sales staffa 50.50 commission for every tube that is sold. If sales are 16,000 tubes of sunscreen, the contribution margin income statement would show a total contribution margin of: $176,000 $120,000 $48,000 $128,000 QUESTION 36 Depreciation on an asset such as equipment is an example of an): opportunity cost sunk cost future cost differential cost