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Tidex Company is a manufacturer of cleaning detergent. Cleanx is manufactured on a weekly basis. The following standards have been established to produce 1 0

Tidex Company is a manufacturer of cleaning detergent. Cleanx is manufactured on a weekly basis. The following standards have been established to produce 10,000 litres of Cleanx:
Standard direct labour hours of 5,000 to mix 10,000 litres of detergent
Standard direct labour rate per hour: $18
Actual direct labour hours consumed: 5,500
Actual direct labour rate: $18.45
Calculate the Labour Price Variance (LPV)
$11,475 Favourable
$2,475 Unfavourable
$9,000 Unfavourable
$2,475 Favourable
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