Question
Use this information for Harry Company to answer the question that follow. The following data are given for Harry Company: Budgeted production 1,033 units Actual
Use this information for Harry Company to answer the question that follow. The following data are given for Harry Company: Budgeted production 1,033 units Actual production 957 units Materials: Standard price per ounce $1.823 Standard ounces per completed unit 12 Actual ounces purchased and used in production 11,829 Actual price paid for materials $24,249 Labor: Standard hourly labor rate $14.02 per hour Standard hours allowed per completed unit 4.1 Actual labor hours worked 4,929 Actual total labor costs $80,096 Overhead: Actual and budgeted fixed overhead $1,106,000 Standard variable overhead rate $26.00 per standard labor hour Actual variable overhead costs $138,012 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is a. $10,991.67 favorable b. $25,085.73 unfavorable c. $10,991.67 unfavorable d. $25,085.73 favorable
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