ChoicesA. 902 FB. 2880. FC. 3782 FD. 14432 F

0 quiz i Saved Help Save & Exit Submit Grub Chemical Corporation has developed cost standards for the production of its new chocolate, Choco. The variable cost standards below relate to each 10 gallon batch of Choco: Standard Cost Per Batch Milk chocolate (2 pounds x $0.85 per pound) $ 1.70 Direct labor (1.25 hours x $12.00 per hour) $ 15.00 Variable overhead (1.25 hours x $44.00 per hour) $ 55. 00 Variable manufacturing overhead at Grub is applied based on direct labor-hours. The actual results for last month were as follows: Number of batches produced 3, 800 Direct labor-hours incurred 4, 510 Pounds of chocolate purchased 9 , 000 Pounds of chocolate used in production 7 , 880 Cost of chocolate purchased $ 7, 200 Direct labor cost $ 53, 218 Variable manufacturing overhead cost $ 205 , 700 What is Choco's labor rate variance