Reference no: EM133170200

Question - Meta Electronics produces water ski radios. The budgeted direct labor cost per hour is $7.20. During the month of August, the budgeted direct labor hours are 6,300 hours, and the actual direct labor hours are 6,600. The Aug actual direct labor cost is $48,708. This resulted in selling 6,900 water ski radios for August and total revenue of $65,757. The budgeted revenue is 6,500 water ski radios or $65,000 for August. What is Meta's output total price variance for August? (Total price variance is the sum of pure price variance and joint variance.) Please choose the closest answer.