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The following data are given for Harry Company: 1,044 units 905 units Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed
The following data are given for Harry Company: 1,044 units 905 units Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials $1.889 12 11,186 $22,931 Labor: $14.63 per hour 4.4 Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs 4,661 $75,741 Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs $1,196,000 $27.00 per standard labor hour $130,508 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is Oa. $17,484.34 favorable Ob. $17,484.34 unfavorable Oc. $7,550.82 favorable Od. $7,550.82 unfavorable
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