The following data is given for the Harry Company:
| Budgeted production |
1,057 units |
| Actual production |
913 units |
| Materials: |
|
| Standard price per ounce |
$1.75 |
| Standard ounces per completed unit |
11 |
| Actual ounces purchased and used in production |
9,742 |
| Actual cost of materials |
$19,971 |
| Labor: |
|
| Standard hourly labor rate |
$15.00 per hour |
| Standard hours allowed per completed unit |
4.0 |
| Actual labor hours worked |
4,701.95 |
| Actual total labor costs |
$71,705 |
| Overhead: |
|
| Actual and budgeted fixed overhead |
$1,038,796 |
| Standard variable overhead rate |
$26.00 per standard labor hour |
| Actual variable overhead costs |
$131,655 |
| Overhead is applied on standard labor hours. |
Determine the direct labor rate variance.