Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During February, Madrid Co. paid $99,500 to employees for 9,230 hours worked. 2.420 units were produced during February. What is the flexible budget amount for direct labor Multiple Choice $99,500 S135,520 Raven applies overhead based on direct labor hours. The variable overhead standard is 2 hours at $11 per hour. During July, Raven spent $116,700 for variable overhead. 8,890 labor hours were used to produce 4700 units. What is the variable overhead rate variance? Multiple Choice $6.650 unfavorable $18.910 unfavorable o o $13.300 favorable o O $13.300 unfavorable Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $2250 per hour. During July. Whilman pad $94,750 to employees for 4,445 hours worked 2,350 units were produced during July. What is the direct labor rate variance? Multiple Choice ( 611000 00 fovorable S573750 favorable $10.52500 unfavorable 526250 favorable