Southwest Regional Hospital obtains the following standard and actual data regarding its Admissions Department:

• Standard time to complete an admissions record: 18 minutes
• Standard labor cost of admissions staff: $16 per hour
• Actual number of admissions completed: 1,020 admissions
• Actual number of hours worked: 315 hours
• Actual total labor costs incurred: $5,090

Compute the labor price variance.

		$144 Favorable
		$50 Unfavorable
		$144 Unfavorable
		$50 Favorable