ToolTime Has a Standard of 2 Hours of Labor Per

question 116

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 price variance is

• A) $770 U.
• B) $800 U.
• C) $1,030 F.
• D) $1,930 F.

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Definitions:

Electrical Supply

Refers to the source and infrastructure involved in delivering electricity from the production point to the consumer.

Electric Motors

Machines that convert electrical energy into mechanical energy, commonly used in various applications from household appliances to industrial machinery.

Rated Frequency

The specific frequency at which an electrical device or piece of equipment is designed to operate most effectively and efficiently.

Constant Horsepower

A motor characteristic where horsepower remains constant across varying speeds.