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In Ivanhoe Company, direct labor is $18 per hour. The company expects to operate at 11,000 direct labor hours each month. In January 2022 , direct labor totaling $236,800 is incurred in working 11,600 hours. (a) Prepare a static budget report. Prepare a static budget report. anuary 31, 2022 Difference $ v Unfavorable Favorable Neither Favorable nor Unfavorable