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The Manchester Corporation manufactures wooden pictures frames. In order to better manage costs, the Manchester...

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Accounting

The Manchester Corporation manufactures wooden pictures frames. In order to better manage costs, the Manchester Corporation had previously developed the following standards for the manufacture of its product:
Each unit should have 3/4 of a pound of direct materials purchased at $12 per pound.
Each unit should be produced in 48 minutes at a direct labor cost of $16 per hour.
The company had the following detailed retails:
Actual production was 20,000 units using 14,600 pounds of direct materials at a total cost of $168,000 and required 11,000 direct labor hours at a total cost of $190,000. what is the company's price variance related to direct labor? use a postivie number to indicate a favorable variance or a negative number to indicate an unfavorable variance

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