Cornell Company Had the Following Information Available for Its Specialty

Multiple Choice

Cornell Company had the following information available for its specialty product:
Standards for one unit of product:
Direct Materials: 5 pounds at $2 per pound
Direct Labor: 0.50 hour at $16 per hour
Materials and Labor Used to produce 8,500 units:
Direct Materials: 46,000 pounds at $3 per pound
Direct Labor: 4,000 hours at ? per hour
If the Direct Labor Price Variance is $4,600 Unfavorable,what is the actual labor rate per hour?

A) $16.00
B) $16.50
C) $17.10
D) $17.15