Question: Rocket Inc. provides the following standard cost data per unit of product: Direct material (3 gallons @ $6 per gallon) Direct labor (2 hours @

Rocket Inc. provides the following standard cost data per unit of product: Direct material (3 gallons @ $6 per gallon) Direct labor (2 hours @ $10 per hour) $18.00 $20.00 During the period, the company produced and sold 23,000 units, incurring the following costs: Direct material Direct labor 68,000 gallons 45,000 hours @ $5.90 per gallon @ $9.75 per hour The direct labor price variance was: O $11,250 unfavorable. O $11,250 favorable. O $11,375 unfavorable. $11,375 favorable

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