Question: Use this information for Flapjack Corporation to answer the question that follow. Flapjack Corporation had 7,976 actual direct labor hours at an actual rate

Use this information for Flapjack Corporation to answer the question that follow.

Use this information for Flapjack Corporation to answer the question that follow. Flapjack Corporation had 7,976 actual direct labor hours at an actual rate of $12.12 per hour. Original production had been budgeted for 1,100 units, but only 997 units were actually produced. Labor standards were 7.1 hours per completed unit at a standard rate of $13.00 per hour. Round your answer to the nearest cent. The direct labor time variance is $7,002.93 unfavorable $7,002.93 favorable $11,664.90 unfavorable $11,664.90 favorable

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