Mindanao Enterprises uses standard costing. For the month company reported the following data: I. Standard direct labor rate: P10 per hour II. Standard hours allowed for actual production: 8,000 III. Actual direct labor rate: P9.50 per hour IV. Labor efficiency variance: P4,800 favorable Note: F denotes favorable and U denotes unfavorable 47. The labor rate variance for April is 48. The total labor variance for April is

Mindanao Enterprises uses standard costing. For the month company reported the following data: I. Standard direct labor rate: P10 per hour II. Standard hours allowed for actual production: 8,000 III. Actual direct labor rate: P9.50 per hour IV. Labor efficiency variance: P4,800 favorable Note: F denotes favorable and U denotes unfavorable 47. The labor rate variance for April is 48. The total labor variance for April is

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...

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Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate per hour? B. What is the standard direct labor rate per hour? C. What was the total standard direct labor cost for May? D. What was the direct labor rate variance for May?
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