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Starmax Company pays workers producing the product Lotrim an average standard wage of S9 perhour. The standard amount of time required to produce a case
Starmax Company pays workers producing the product Lotrim an average standard wage of S9 perhour. The standard amount of time required to produce a case of Lotrim is 2 hours. In January, Starmax produced 18,000 cases of Lotrim at a total actual labor cost of $323,000. During January, Starmax actually used 34,000 labor hours. Based on this information the labor price (rate) variance is O a. $18,000 favorable. b. S18,000 unfavorable. c.$17,000 unfavorable. d.$17,000 favorable
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