Question
Use this information for Harry Company to answer the question that follow. The following data are given for Harry Company: Budgeted production 1,040 units Actual
Use this information for Harry Company to answer the question that follow. The following data are given for Harry Company: Budgeted production 1,040 units Actual production 931 units Materials: Standard price per ounce $1.771 Standard ounces per completed unit 12 Actual ounces purchased and used in production 11,507 Actual price paid for materials $23,589 Labor: Standard hourly labor rate $14.04 per hour Standard hours allowed per completed unit 4.3 Actual labor hours worked 4,795 Actual total labor costs $77,919 Overhead: Actual and budgeted fixed overhead $1,055,000 Standard variable overhead rate $25.00 per standard labor hour Actual variable overhead costs $134,260 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is a. $10,596.95 unfavorable b. $10,596.95 favorable c. $21,712.67 favorable d. $21,712.67 unfavorable
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