Subject: Cost Accounting 28. Patrisha Co.'s records for April disclosed the following data relating to direct labor:Actual costP10,000Rate variance1,000 favorableEfficiency varianceStandard cost1.500 unfavorableP9,500Actual direct labor hours for April amounted to 2,000. Patricia's standard direct labor rate per hour inApril wasа. Р5.50c. P4.75b. 5.00d. 4.50

Given that: Actual Cost = P10,000 Actual direct labour hours = 2000 Actual labour rate per hour =…

28. Patrisha Co.'s records for April disclosed the following data relating to direct labor: Actual cost P10,000 Rate variance 1,000 favorable 1.500 unfavorable 9.500 Actual direct labor hours for April amounted to 2,000. Patricia's standard direct labor rate per hour in Efficiency variance Standard cost April was c. P4.75 d. 4.50 a. P5.50 b. 5.00

28. Patrisha Co.'s records for April disclosed the following data relating to direct labor: Actual cost P10,000 Rate variance 1,000 favorable 1.500 unfavorable 9.500 Actual direct labor hours for April amounted to 2,000. Patricia's standard direct labor rate per hour in Efficiency variance Standard cost April was c. P4.75 d. 4.50 a. P5.50 b. 5.00

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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Direct materials and direct labor variance analysis Faucet Industries Inc. manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Faucet Industries has 60 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Instructions Determine (a) the standard cost per unit for direct materials and direct labor; (h) the price variance, quantity variance, and total direct materials cost variance; and (c) the rate variance, time variance, and total direct labor cost variance.
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