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Mid city Products, developed standard costs for direct labor. In 2017, MCPestimated the following standard costs for one of their most popular products. Budgeted quantity
Mid city Products, developed standard costs for direct labor. In 2017, MCPestimated the following standard costs for one of their most popular products.
Budgeted quantity Budgeted price
Direct labor ,50 hours $15.00 per hours
During September, MCP produced and sold 2,000 units using 950 direct labor hours at an average wage of $15.15 perhour.
The direct labor price variance during September is what? and is it favorable or unfavorable?
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