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Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct...

Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct labor hours per unit of product 3.20 Number of finished units produced 6,500 Standard wage rate per direct labor hour (SP) $ 19.20 Total direct labor payroll for the period $ 359,424 Actual wage rate per direct labor hour worked (AP) $ 16.00 The direct labor flexible-budget variance for November, to the nearest dollar, was: Multiple Choice $26,624 unfavorable. $31,949 unfavorable. $39,936 favorable. $71,885 favorable. $103,834 favorable.

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Answer #1
Standard cost allowed for actual output 399360 =6500*3.20*19.20
Standard cost allowed for actual output 399360
Less: Actual direct labor cost 359424
Direct labor flexible-budget variance 39936 favorable
$39,936 favorable is correct option
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