Pharoah Co. produces wooden boxes. The companys standards per box require 7 boards, each costing...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Pharoah Co. produces wooden boxes. The companys standards per box require 7 boards, each costing $10 per board, and half of an hour of direct labour. The standard labour rate is $16 per hour. In August, Pharoah Co. purchased 12100 boards for a total cost of $123100. It used 11550 boards to manufacture 1990 boxes. Total labour hours were 950 hours, and total labour costs were $16400. What was the labour price variance?
Select answer from the options below
$4300 U
$1200 F
$4300 F
$1200 U
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
