Question: Lulu i s looking a t a monthly performance report for her lemonade stand for last month. She has been provided with the following standard

Lulu is looking at a monthly performance report for her lemonade stand for last month. She has been provided with the following standard cost per batch of lemonade:
CostStandard Quantity (Input per batch)Standard PriceDirect Materials0.8 pounds$5.00 per poundDirect Labor1.2 hours$15.00 per hour
Manufacturing overhead is allocated on the basis of machine hours. Last month, Lulu's lemonade stand produced 150 batches of lemonade and incurred the following costs:
a. Purchased 100 pounds of materials at a cost of $3.58 per pound.
b. Used 86 pounds of materials in production. (Finished goods and work in process inventories can be ignored).
c. Worked 192 direct labor-hours at a cost of $16.02 per hour.
What is Lulu's labor rate variance for last month?
Enter your answer as a positive number (note Favorable or Unfavorable for the next question).

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