What is thomas direct labor price variance

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Question: Thomas Corporation produces stopwatches. According to company standards, it should take 1 hour of direct labor to produce a stopwatch. Thomas' standard labor cost is $18 per hour. During June, Thomas produced 5,000 stopwatches and used 5,150 hours of direct labor at a total cost of $102,500. What is Thomas' direct labor price variance for June?

Reference no: EM132079884

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