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Chief Co . makes dog beds. It maintains the following standards: Standard amount of materials used to make one bed 6 . 8 7 yards

Chief Co. makes dog beds. It maintains the following standards:
Standard amount of materials used to make one bed 6.87 yards
Standard cost per yard of material
$1.08
Standard direct labor hours per bed
5.62 hours
Standard cost per direct labor hour
$1.02
During the period the company manufactured 14,000 dog beds and reported the following information connected with the production:
Actual amount of materials used
13,000 yards
Purchase price of material used
$1.96 per yard
Total direct labor hours used
165,000 hours
Actual cost per direct labor hour
$1.79
What is the direct labor rate variance?
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