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EKPN Co. produces wooden boxes. The company's standards per box require 6 boards, each costing $10 per board, and half of an hour of direct
EKPN Co. produces wooden boxes. The company's standards per box require 6 boards, each costing $10 per board, and half of an hour of direct labour. The standard labour rate is $15 per hour. In August, EKPN Co. purchased 12,000 boards for a total cost of $123,000. It used 11,500 boards to manufacture 1,900 boxes. Total labour hours were 1,000 hours, and total labour costs were $16,250. What was the total labour variance for August? a. $1.25U b. $2,000U c. $2,000F d. $1.25F
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