What is the direct labor variance?

QUESTION 5 10 po Norva, Inc. has budgeted the following costs for the manufacture of XP1, a component used in several of its products in 2021. 4,500 units of XP1 13,500 ounces at Planned production Budgeted Direct Materials (total) $0.40 per ounce Budgeted Direct Labor (total) per hour 1,500 hours at $35.00 Actual production Actual Direct Materials used (total) $0.44 per ounce Actual Direct Labor used (total) 4,800 units of XP1 14,500 ounces at 1,550 hours at $36.62 per hour What is the direct labor rate variance? (Note this could be a positive number indicating an unfavorable variance or a negative number indicating a favorable variance.)