Tools-N-Time has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2,000 units, Tools-N-Time used 3,850 hours of labor at a total cost of $46,970. What is Tools-N-Time's total labor variance? a. $770 F b. $800 U b. $1,030 U d. $1,930 U
Tools-N-Time has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2,000 units, Tools-N-Time used 3,850 hours of labor at a total cost of $46,970. What is Tools-N-Time's total labor variance? a. $770 F b. $800 U b. $1,030 U d. $1,930 U
Chapter6: Activity-based, Variable, And Absorption Costing
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![Tools-N-Time has a standard of 2 hours of labor per unit, at $12
per hour. In producing 2,000 units, Tools-N-Time used 3,850
hours of labor at a total cost of $46,970. What is Tools-N-Time's
total labor variance?
a. $770 F
b. $800 U
b. $1,030 U
d. $1,930 U](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe53a260f-6a12-45f8-a926-548bb2b7b394%2Fe82e622f-12a9-4fd9-950c-7fa946f60738%2F75x7sje_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Tools-N-Time has a standard of 2 hours of labor per unit, at $12
per hour. In producing 2,000 units, Tools-N-Time used 3,850
hours of labor at a total cost of $46,970. What is Tools-N-Time's
total labor variance?
a. $770 F
b. $800 U
b. $1,030 U
d. $1,930 U
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