The following data are given for Harry Company: Budgeted production 26,000 units Actual production 27,500 units Materials: Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1,504,800 Labor: Standard hourly labor rate $22.00 per hour Standard hours allowed per completed unit 6.6 Actual labor hours worked 183,000 Actual total labor costs $4,020,000 Overhead: Actual and budgeted fixed overhead $1,029,600 Standard variable overhead rate $24.50 per standard labor hour Actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is

$6,000 Favorable  

Explanation:

The labor rate variance can be calculated by using the following formula:

Labor Rate Variance = (Standard Rate - Actual Rate) * Actual Labor Hours

Here

Standard rate is $22 per hour

Actual Rate =  Actual Labor Cost / Actual Hours

= $4020000 / 183000 Hrs  = $21.97 per hour

Actual Labor Hours are 183,000 Hrs

Now by putting values in the above equation:

Labor Rate Variance = ($22 per hour - $21.97 per hour) * 183,000 Hrs

= $6,000

As the actual labor rate paid is lower than the standard labor rate, hence the above result is Favorable.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.