Find the total labor price variance for this job

Reference no: EM1341329

Labor price variance & Total quantity variance

Company X has set their standard labor rate at $25 per hour and a particular job has a standard time of 2.5 hours to complete. The company accountant is looking over last months results for this job, and, the accountant sees that the actual labor rate was $32 per hour and the time to complete each job was 1.8 hours. The company produced 100,000 units. What is the total labor price variance for this job?

Reference no: EM1341329

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