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Bobbi Clothing manufactures clothing. Information about a production week is as follows: Standard wage per hr. $8.00 Standard labor time per unit 12 min. Standard

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Bobbi Clothing manufactures clothing. Information about a production week is as follows: Standard wage per hr. $8.00 Standard labor time per unit 12 min. Standard number of yds of fabric per unit 4.4 yds Standard price per yd. of fabric $6.00 Actual price per yd. of fabric $5.90 Actual yds. of fabric used during the week 25,000 yds. Number of units produced during the week 5,000 Actual wage per hr. $8.20 Actual hrs. for the week 900 hrs. How much is the price variance? ($2,500) $18,000 U $17,700 U ($2,200) none of the above

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