Question
Use the following information to answer questions 7 & 8: Cola Co. manufactures a product with a standard direct labor cost of two hours at
Use the following information to answer questions 7 & 8:
Cola Co. manufactures a product with a standard direct labor cost of two hours at $24.00 per hour. During July, 2,000 units were produced using 4,200 hours at $24.40 per hour.
The labor price variance was?
Multiple Choice
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$1,680 U
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$6,480 U
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$6,480 F
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$1,680 F
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Financial Accounting Theory And Analysis Text And Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey
14th Edition
1119881226, 978-1119881223
