ZebraTech Inc. produces a specialized sensor and expects to use 2.5 labor hours per unit at a standard cost of $6.20 per hour. During the recent period, 1,200 units were produced. The company actually used 2.6 hours of labor per unit, and the actual hourly wage rate was $6.00. What is the labor price variance?

ZebraTech Inc. produces a specialized sensor and expects to use 2.5 labor hours per unit at a standard cost of $6.20 per hour. During the recent period, 1,200 units were produced. The company actually used 2.6 hours of labor per unit, and the actual hourly wage rate was $6.00. What is the labor price variance?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 10EA: ThingOne Company has the following information available for the past year. They use machine hours...

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