Use this information for Harry Company to answer the question that follow. The following data are given for Harry Company: Budgeted production Actual production Materials: 1,042 units 972 units $1.837 10 10,012 $20,525 Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: $14.63 per hour 4.9 5,006 $81,348 Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead $1,181,000 $26.00 per standard labor hour $140,168 Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is Oa. $8,109.72 favorable Ob. $11,668.24 unfavorable Oc. $8,109.72 unfavorable Od. $11,668.24 favorable The following data are given for Bahia Company Budgeted production (at 100% of normal capacity) Actual production Materials: 1,044 units 957 units Standard price per pound Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials $1.92 12 11,139 $22,835 Labor: $14.98 per hour 4.7 4,928.55 $75,160 Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: $1,179,000 $27.00 per standard labor hour $137,999 Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. Round your final answer to the nearest dollar The fixed factory overhead volume variance is Oa. $98,250 unfavorable Ob. $98,250 favorable $16,556 unfavorable Od. $16,556 favorable Use this information for Harry Company to answer the question that follow. The following data are given for Harry Company: Budgeted production Actual production Materials: 1,042 units 972 units $1.837 10 10,012 $20,525 Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: $14.63 per hour 4.9 5,006 $81,348 Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead $1,181,000 $26.00 per standard labor hour $140,168 Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is Oa. $8,109.72 favorable Ob. $11,668.24 unfavorable Oc. $8,109.72 unfavorable Od. $11,668.24 favorable The following data are given for Bahia Company Budgeted production (at 100% of normal capacity) Actual production Materials: 1,044 units 957 units Standard price per pound Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials $1.92 12 11,139 $22,835 Labor: $14.98 per hour 4.7 4,928.55 $75,160 Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: $1,179,000 $27.00 per standard labor hour $137,999 Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. Round your final answer to the nearest dollar The fixed factory overhead volume variance is Oa. $98,250 unfavorable Ob. $98,250 favorable $16,556 unfavorable Od. $16,556 favorable
