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The following data is given for the Harry Company: Budgeted production 1,020 units Actual production 911 units Materials: Standard price per ounce $1.76 Standard ounces

The following data is given for the Harry Company:

Budgeted production 1,020 units
Actual production 911 units
Materials:
Standard price per ounce $1.76
Standard ounces per completed unit 10
Actual ounces purchased and used in production 8,837
Actual cost of materials $18,116
Labor:
Standard hourly labor rate $15.00 per hour
Standard hours allowed per completed unit 4.0
Actual labor hours worked 4,692
Actual total labor costs $71,553
Overhead:
Actual and budgeted fixed overhead $1,016,631
Standard variable overhead rate $25.00 per standard labor hour
Actual variable overhead costs $131,376
Overhead is applied on standard labor hours.

Determine the direct labor rate variance.

Select the correct answer.

$15,720 U
$15,720 F
$1,173 U
$16,893 U

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