The following data are given for Harry Company:
Line Item Description Value
Budgeted production units
Actual production units
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 $ per hour
Standard hours allowed per completed unit
Actual labor hours worked
Actual total labor costs $
Overhead:
Actual and budgeted fixed overhead $
Standard variable overhead rate $ per standard labor hour
Actual variable overhead costs $
Overhead is applied on standard labor hours. Round interim calculations to the nearest cent.
The direct labor rate variance is
a $ unfavorable
b $ favorable
c $ favorable
d $ unfavorable
