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QUESTION
Tool time has a standard of 2 hours of labor per unit at $12 per hour. In producing 2000 units, Tool Time used 3,850 hours of labor at a total cost...
Tool time has a standard of 2 hours of labor per unit at $12 per hour. In producing 2000 units, Tool Time used 3,850 hours of labor at a total cost of $47,300. Tool Time labor price variance is: 1,100U, 800U, 1,030F, 1,230F
