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Lara's Tax Services (LTS) does simple state and federal tax returns for its customers. ITS charges it's clients $60.00 per return. ITS budgets that each
Lara's Tax Services (LTS) does simple state and federal tax returns for its customers. ITS charges it's clients $60.00 per return. ITS budgets that each simple return will require 15 minutes of labor at $40.00 per hour. The Ghent office performed 1,300 simple returns in 2020. ITS had an unfavorable labor cost variance (the actual labor cost minus the flexible budget labor cost) of $380. Determine the actual labor cost ITS incurred to prepare the Ghent office's returns in 2020. Round your answer to the nearest $1.00
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