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Compute the labor price variance

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Reference no: EM133150183

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

Standard cost: $28 per hour

Standard time: 120 minutes per test

During the most recent month, technicians performed 114 tests which required 229 hours of labor at a total cost of $6,362. Compute the labor price variance.

Reference no: EM133150183

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