QUESTION 11

1. The following information is available for Lightning Corporation, which produces fancy-dancy screwdrivers.

   The following information pertains to labor.

   ...Actual volume of screwdrivers produced = 105,000

   ...Actual labor time = 9,450 hours

   ...Actual pay per hour = $17 per hour

   ...Budgeted volume of screwdrivers produced = 112,000

   ...Budgeted labor time = 12,320

   ...Budgeted total spending = $197,120

   Question

   Use the information above to compute the labor spending variance.

   Please enter the absolute value of your answer (i.e., do not enter a positive sign or negative sign). Also, round to the nearest dollar. Do not include a $ sign