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Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct labor hours per unit of product 4.70 Number of

Europa Company manufactures only one product. Presented below is direct labor information for November.

Standard direct labor hours per unit of product 4.70
Number of finished units produced 4,800
Standard wage rate per direct labor hour (SP) $ 20.70
Total direct labor payroll for the period $ 418,250
Actual wage rate per direct labor hour worked (AP) $ 17.50

The direct labor rate variance for November (to the nearest dollar) was:

Multiple Choice

$23,900 unfavorable.

$27,738 unfavorable.

$48,742 favorable.

$76,480 favorable.

$104,218 favorable.

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