The following data are given for Harry Company: Budgeted production Actual production Materials: Standard price...
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The following data are given for Harry Company: Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs 1,012 units 955 units $1.862 10 9,837 $20,166 $14.89 per hour 4.3 4,918 $79,918 $1,031,000 $25.00 per standard labor hour $137,704 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is a. $18,772.21 unfavorable b. $18,772.21 favorable c. $6,688.48 favorable d. $6,688,48 unfavorable
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