Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor rate variance. $\begin{array}{lrl}
\text { Direct labor standard (2hrs. @, } \$ 12.75 / \mathrm{hr} .) & \$ 5.50&\text {per finished} \
&&\text {unit}\
\text { Actual direct labor hours } & 81,500 &\text {hrs.} \
\text { Actual finished units produced } & 40,000&\text {units}\
\text { Actual cost of direct labor } & \$ 1,100,250
\end{array}$

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The Answer of Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor rate variance. $\begin{array}{lrl}
\text { Direct labor standard (2hrs. @, } \$ 12.75 / \mathrm{hr} .) & \$ 5.50&\text {per finished} \
&&\text {unit}\
\text { Actual direct labor hours } & 81,500 &\text {hrs.} \
\text { Actual finished units produced } & 40,000&\text {units}\
\text { Actual cost of direct labor } & \$ 1,100,250
\end{array}$

Fletcher Company Collected the Following Data Regarding Production of One