Answer Happy

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: Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.); The direct labor rate variance is 1,030 units 921 units $1.833 11 10,435 $21,392 $14.76 per hour 4.4 4,743 $77,074 $1,075,000 $28.00 per standard labor hour $132,804
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 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is a. $7,067.07 unfavorable b. $17,260.58 favorable Oc. $7,067.07 favorable Od. $17,260.58 unfavorable $1.833 11 10,435 $21,392 $14.76 per hour 4.4 4,743 $77,074 $1,075,000 $28.00 per standard labor hour $132,804