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Tidex Company is a manufacturer of cleaning detergent. Cleanx is manufactured on a weekly basis....

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Accounting

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Tidex Company is a manufacturer of cleaning detergent. Cleanx is manufactured on a weekly basis. The following standards have been established to produce 10,000 litres of Cleanx: Standard direct labour hours of 5,000 to mix 10,000 litres of detergent Standard direct labour rate per hour: $18 Actual direct labour hours consumed: 5,500 Actual direct labour rate: $18.45 Calculate the Labour Price Variance (LPV) $2,475 Favourable $11,475 Favourable $2,475 Unfavourable $9,000 Unfavourable

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