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Kool-Time Corporation installs swimming pools. The following cost information for one pool is as follows: Direct Materials 7,000 cubic feet of gunite at $2 a

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Kool-Time Corporation installs swimming pools. The following cost information for one pool is as follows: Direct Materials 7,000 cubic feet of gunite at $2 a cubic foot Direct Labor 400 hours at $12 an hour This month they have installed 5 pools. The actual costs are as follows: Direct Materials purchased and used 36,000 cubic feet of gunite with a total cost of $75,600 Direct Labor 1,900 hours at a total payroll cost of $23,750 4. Using the information above calculate the direct labor rate variance. O A. 1,900 Favorable O B.950 Unfavorable O C. 1,900 Unfavorable O D.950 Favorable 5. Using the information above calculate the direct labor time variance. O A. 6,000 Unfavorable O B. 6,000 Favorable O C. 1,200 Favorable O D. 1,200 Unfavorable

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