Multiple Choice
ToolTime has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2,000 units, ToolTime used 3,850 hours of labor at a total cost of $46,970. ToolTime's labor quantity variance is
A) $770 U.
B) $1,030 F.
C) $1,800 F.
D) $1,930 F.
Correct Answer:
Verified
Correct Answer:
Verified
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