Use the following data to find the direct labor rate variance if the company produced 7,000 units of product during the period. Standard: Direct labor (3.2 hrs. per unit @ $12/hr.)$38.40per unitActual cost incurred: Direct labor (24,500 hrs. @ $12.50/hr.)$306,250
A. $12,250 favorable.
B. $12,250 unfavorable.
C. $14,700 favorable.
D. $26,950 favorable.
E. $14,700 unfavorable.
Answer: B
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