Question: 1 1 . LO 1 0 . 2 ) A company budgets to sell 5 , 0 0 0 units of its product. Actual sales

11. LO 10.2) A company budgets to sell 5,000 units of its product. Actual sales are 5,500 units. The product has a standard labor price of $55. When analyzing its direct labor flexible-budget variance for the period, the company determines that its direct labor efficiency variance was an unfavorable variance of $1,000. Which one of the following is closest to the actual price for direct labor if the total direct labor flexible-budget variance was a favorable variance of $10,000?(CMA Adapted)
a. $ 40
b. $ 50
c. $ 53
d. $ 55\

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