BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A company budgeted 1 hrs of work at €22 per hour for producing one product. The production report shows the following realized numbers:· Numbers of products produced:22, 000· Total labor hours:12, 000· Total labor costs:€240, 000The labor price variance is
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22, 000 positive
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22, 000 negative
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24, 000 positive
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24, 000 negative
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Explanation:
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