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Given the following information in standard costing: Standard 11,900 hours at $3.60 Actual 11,800 hours at $3.80 What is the direct labor price variance? $2,360

Given the following information in standard costing:

Standard 11,900 hours at $3.60 Actual 11,800 hours at $3.80

What is the direct labor price variance?

$2,360 unfavorable.

$2,380 favorable.

$2,380 unfavorable.

$2,360 favorable.

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