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Compute the labor price variance

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Reference no: EM132282337

Question - Bayview Hospital's Nuclear Medicine department has the following labor standards for a particular diagnostic test:

  • Standard cost: $32 per hour
  • Standard time: 60 minutes per test

During the most recent month, technicians performed 86 tests which required 88 hours of labor at a total cost of $2,916.

Compute the labor price variance.

Reference no: EM132282337

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