27. Grezza Co. uses a standard cost system. The following information pertains to direct labor for product B for the month of October: Standard hours allowed for actual production Actual rate paid per hour Standard rate per hour Labor efficiency variance 2,000 P8.40 P8.00 P1,600 U What were the actual hours worked? с. 2,190 d. 2,200 a. 1,800 b. 1,810

27. Grezza Co. uses a standard cost system. The following information pertains to direct labor for product B for the month of October: Standard hours allowed for actual production Actual rate paid per hour Standard rate per hour Labor efficiency variance 2,000 P8.40 P8.00 P1,600 U What were the actual hours worked? с. 2,190 d. 2,200 a. 1,800 b. 1,810

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 8EA: Queen Industries uses a standard costing system in the manufacturing of its single product. It...

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Ellis Companys labor information for September is as follows: A. Compute the standard direct labor rate per hour. B. Compute the direct labor time variance. C. Compute the standard direct labor rate if the direct labor rate variance was $2,712.30 (unfavorable).
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