Company A produced 2,200 units of output during a production process that normally requires 2 hours of labor per unit of output. The standard labor rate is $16 per hour, but the company paid $15 per hour. Actual hours needed to complete the production process were 4,600. How much was the labor rate variance?   A. $4,400 favorable.   B. $4,400 unfavorable.   C. $4,600 favorable.   D. $4,600 unfavorable.

Shelley Company bought 3,000 pounds of materials for $2,850. They used 2,800 pounds to produce 1,000 units of output. Direct labor costs totaled $20,400 for 600 hours of work. Standards have been set as follows: Direct Materials: 2 pounds @ $1.10 per pound Direct Labor: .5 hours @ $32 per hour The labor efficiency variance is: O $1,200 favorable $1,200 unfavorable O $3,200 favorable O $3,200 unfavorable O $2,000 unfavorable

Splish Brothers Company manufactures a product with a standard direct labor cost of two hours at $18.00 per hour. During July, 2400 units were produced using 5000 hours at $18.300 per hour. The labor price variance was $3600 U. $5100 F. $5100 U. O $1500 U.

Penny Company manufactures only one product and uses a standard cost system. The following information is from Penny's records for May: Direct labor rate variance $15,000 favorable Direct labor time variance $30,000 unfavorable Standard hours per unit produced 2.50 Standard rate per hour $25 During May, the company used 12.50% more hours than the standard allowed. A. What were the total standard hours allowed for the units manufactured during the month? standard hours B. What were the actual hours worked? actual hours C. How many actual units were produced during May? units produced