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Rams manufactures t-shirts. During January, the budgeted direct labor hours are 3,600, and the actual direct labor hours are 3,512. The budgeted labor costs are
Rams manufactures t-shirts. During January, the budgeted direct labor hours are 3,600, and the actual direct labor hours are 3,512. The budgeted labor costs are $28,000, and the actual labor costs are $28,754. Rams sold 1,380 t-shirts in January at a price of $23.5 per t-shirt. The budgeted revenue is 1,440 t-shirts or $36,000 for January. What is Rams output price variance for January? (Price variance is the sum of pure price variance and joint variance.) Please choose the closest
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