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Firm J produced 45,000 radios using 9,000 hours of labor in 2004; total labor costs were $54,000. In 2003, firm J produced 48,000 radios using
Firm J produced 45,000 radios using 9,000 hours of labor in 2004; total labor costs were $54,000. In 2003, firm J produced 48,000 radios using 8,000 hours of labor; total labor costs were $40,000.
The labor price variance is ____ and the labor volume variance is _____ and the labor efficiency variance is ____?
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