Pina Company produces hot sauce. The following information is provided concerning its standard cost system for...

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Pina Company produces hot sauce. The following information is provided concerning its standard cost system for the year: Standard Data Actual Data Material 0.125 lb. @ $7.50 per lb. Produced 5050 Labor 24 mins. @ $12.00 per hr. Materials cost $7.40 per pound Budgeted fixed overhead $32370 Materials used 556 pounds Budgeted variable overhead $4.50 per unit Labor worked 1798 hours totaling $22475 Budgeted production 5130 Actual overhead Fixed $22800; Variable $32410 How much is the labor price variance? $899U. $1765F. $1765F. $202U. Pina Company produces hot sauce. The following information is provided concerning its standard cost system for the year: Standard Data Actual Data Material 0.125 lb. @ $7.50 per lb. Produced 5050 Labor 24 mins. @ $12.00 per hr. Materials cost $7.40 per pound Budgeted fixed overhead $32370 Materials used 556 pounds Budgeted variable overhead $4.50 per unit Labor worked 1798 hours totaling $22475 Budgeted production 5130 Actual overhead Fixed $22800; Variable $32410 How much is the labor price variance? $899U. $1765F. $1765F. $202U.