company produced is 7,000 not 700!

40) Use the following data to find the direct labor rate variance if the company produced 7,00 4 units of product during the period. Standard Direct labor (3.2 hrs. per unit Actual cost incurred: $7/hr.) S 22.40 per unit s 183,750 Direct labor (24,500 hrs. $7.50/hr.) A) $14,700 favorable. B) S12,250 unfavorable. C) S26,950 favorable. D) S12,250 favorable. E) $14,700 unfavorable