Budgeted production 1,000 units Actual production 980 unitsMaterials: Standard price per lb $2.00 Standard pounds per completed unit 12 Actual pounds purchased and used in production 11,800 Actual price paid for materials $23,000 Labor: Standard hourly labor rate $14 per hour Standard hours allowed per completed unit 4.5 Actual labor hours worked 4,560 Actual total labor costs $62,928 Overhead: Actual and budgeted fixed overhead $27,000 Standard variable overhead rate $3.50 per standard labor hour Overhead is applied on standard labor hours.

What is the direct labor rate variance? The direct labor time variance? and the Facotry overhead controllable variance?