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Labor TIME variance The Flapjack Corporation had 7,672 actual direct labor hours at an actual rate of $12.13 per hour. Original production had been budgeted

image text in transcribedLabor TIME variance

The Flapjack Corporation had 7,672 actual direct labor hours at an actual rate of $12.13 per hour. Original production had been budgeted for 1,100 units, but only 959 units were actually produced. Labor standards were 7.0 hours per completed unit at a standard rate of $12.75 per hour. Round your answer to the nearest cent. The labor time variance is O $4,741.30 unfavorable O $4,741.30 favorable O $12,227.25 unfavorable O $12,227.25 favorable

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