Rams manufactures t-shirts. During January, the budgeted direct labor hours are 3,600, and the actual direct labor hours are 3,512. The budgeted labor costs are $28,000, and the actual labor costs are $28,754. Rams sold 1,380 t-shirts in January at a price of $23.5 per t-shirt. The budgeted revenue is 1,440 t-shirts or $36,000 for January. What is Rams output price variance for January? (Price variance is the sum of pure price variance and joint variance.) Please choose the closest answer. Group of answer choices $684 Favorable $754 Unfavorable $1,438 Unfavorable $1,500 Unfavorable $2,070 Unfavorable $3,570 Unfavorable

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Rams manufactures t-shirts. During January, the budgeted direct labor hours are 3,600, and the actual direct labor hours are 3,512. The budgeted labor costs are $28,000, and the actual labor costs are $28,754. Rams sold 1,380 t-shirts in January at a price of $23.5 per t-shirt. The budgeted revenue is 1,440 t-shirts or $36,000 for January. What is Rams output price variance for January? (Price variance is the sum of pure price variance and joint variance.) Please choose the closest answer. Group of answer choices $684 Favorable $754 Unfavorable $1,438 Unfavorable $1,500 Unfavorable $2,070 Unfavorable $3,570 Unfavorable

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