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The following data pertains to the month of October for ElmCo when production was budgeted to be 5,000 units of product P90. P90 has

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The following data pertains to the month of October for ElmCo when production was budgeted to be 5,000 units of product P90. P90 has budgeted costs per unit of: Direct Materials Direct Labor 3 lbs. at $7.00 per lb. 0.20 hours at $18.00 per hour In October the production of P90 totaled 5,100 units. The actual results were: Direct Materials used: Direct Labor hours used: 15,100 lbs costing $108,000 803 hours costing $15,732 Determine the direct labor price or rate variance. Negative numbers indicate a favorable variance. (Round to the nearest $1.00)

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