Pronet systems is a start-up company that makes connectors, Accounting Basics

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Pronet systems is a start-up company that makes connectors

Problem

ProNet Systems is a start-up company that makes connectors for high-speed Internet connections. ProNet has budgeted 3 hours of direct labor per connector, at a standard cost of $15 per hour. During January, technicians actually worked 198 hours completing 76 connectors actually produced and sold. ProNet paid the technicians $15.50 per hour.

What is ProNet's direct labor price variance for January?

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Accounting Basics: Pronet systems is a start-up company that makes connectors

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Accounting Basics: Pronet systems is a start-up company that makes connectors

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