D) $450 Favorable 46. The following information is presented for the Hoya Manufacturing Company. - Direct labor rate standard is $12.75. - Direct labor efficiency standard is 2.5 hours per unit. - Budgeted production is 1,200 units. - Production required 2,250 direct labor hours at an actual cost of $29,168. - Actual production is 1,200 units. What is the direct labor price variance? A) $196.00 Favorable B) $214.50 Unfavorable C) $486.80 Favorable D) $480.00 Unfavorable 47. The following information is available for Bear Manufacturing Company. -- Direct materials price standard is $3.50 per pound. -- Direct materials quantity standard is six pounds per finished unit. - Budgeted production is 25,000 finished units. -- 175,000 pounds of direct materials were purchased for $550,000. -- 175,000 pounds of direct materials were used in production. -- 26,000 finished units of product were produced. innen2