A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $269,500. What is the direct labor rate variance? Multiple Choice $16,000 favorable. $27,500 unfavorable. ○ $22,000 favorable. $6,000 unfavorable. $16,000 unfavorable.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total
labor cost of $269,500. What is the direct labor rate variance?
Multiple Choice
$16,000 favorable.
$27,500 unfavorable.
○ $22,000 favorable.
$6,000 unfavorable.
$16,000 unfavorable.
Transcribed Image Text:A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $269,500. What is the direct labor rate variance? Multiple Choice $16,000 favorable. $27,500 unfavorable. ○ $22,000 favorable. $6,000 unfavorable. $16,000 unfavorable.
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