Figure 10-4

Multiple Choice

Figure 10-4. High Fliers Company produces model airplanes.During the month of November,it produced 2,000 planes.The actual labor hours were 7 hours per plane.Its standard labor hours are 10 hours per plane.The standard labor rate is $11 per hour.At the end of November,High Fliers found that it had a favorable labor rate variance of $10,500.
Refer to Figure 10-4.What was High Fliers' total labor variance?

A) $61,500 F
B) $76,500 F
C) $76,500 U
D) $61,500 U