High Fliers Company Produces Model Airplanes

Multiple Choice

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