Question 23 The Litton Company has established standards as follows Direct material: 3 pounds per unit @ SA per pound = 512 per unit Direct labor. 2 hours per unit @ $8 per hour = 516 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour 510 per ust Actual production figures for the past year are given below. The company recorte behet are purchased 600 wib Units produced 511,400 2000 pounds 99,24 55,728 Direet material used Direct material paghased (3,000 pounds) Direct labor cost (1,100 hours) Variable manufacturing overhead cost incurred The labor rate variance is $440F $480 U $440 V $480F D Question 24 Question 22 If the labor efficiency variance is unfavorable, then actual hours exceeded standard hours allowed for actual output the actual rate exceeded the standard rate. the standard rate exceeded the actual cate standard hours a swed for the actual output exceeded actual hours