Henri Corporation produces product XC7. They plan to hire workers for $18.00 per hour and...
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Accounting
Henri Corporation produces product XC7. They plan to hire workers for $18.00 per hour and produce 8,000 units of XC7. Each unit should take four hours of labor to produce. In actual practice, Henri produces 9,000 units of XC7 but it takes the workers 35,000 hours at a total labor cost of $683,000. What is the labor rate variance for this period?
a. $53,000 unfavorable
b. $35,000 unfavorable
c. $19,000 favorable
d. $18,000
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