Cost Common information is used for questions 1-6. Roy Kent Company has established standards as follows: Standard Quantity Standard Price Standard or Hours or Rate Direct material 2 feet $10 per foot $20 per unit Direct labor 0.8 hours $20 per hour $16 per unit Variable overhead 0.8 hours $5 per hour S4 per unit Actual production figures for the past year were as follows: Units produced 8,000 Direct materials used 17,000 feet Direct material purchased 19,000 feet at a total cost of $174,800 Direct labor cost 6,800 hours worked at a total cost of $142,800 Variable overhead cost $30,000 Variable overhead is assigned based on direct labor hours. The variable overhead rate variance is: $4,000 unfavorable $2,000 favorable $2,000 unfavorable None of the other answers are correct $4,000 favorable