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aitance Is the variance favorable or unfavorable Textile Expresing Labor and Overhead Variances [LO 1, 2] At the start of 2018, per hour. The bud EXERCISE 11-11. Calculating an Textile Express Company determined its standard labor cost to be 2.25 hours per unit at $12.00 s15,000 for the year Expected of labor was $14.25 per hour. hours. Actual overhead for the year was $50,000. get for variable overhead was $9 per unit, and budgeted fixed overhead was ected annual production was 6,000 units. During 2018, the actual cost ut. Textile Express produced 4.600 units requiring 11.700 direct labor 4,600 u REQUIRED Calculate labor rate and efficiency variances and the controllable overhead variance and the over- head volume variance