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Bayview Hospital's Nuclear Medicine department has the following labor standards for a particular diagnostic test: Standard cost: $32 per hour Standard time: 60 minutes per
Bayview Hospital's Nuclear Medicine department has the following labor standards for a particular diagnostic test:
- Standard cost: $32 per hour
- Standard time: 60 minutes per test
During the most recent month, technicians performed 86 tests which required 88 hours of labor at a total cost of $2,916.
Compute the labor price variance.
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