Haku Comprehensive Inc had the following variances for the most recent month: Materials Price Variance Material Usage Variance Direct labor Rate Variance P7,000 U P1,440 F P11,540 F Direct Labor Efficiency Variance P13,96O U Other information included: actual wages paid P144,620; material purchased P261,520- standard per unit were 2 labor hours at P5 per hour, 3 pounds at P6 per pound. Theres were no changes in materials inventories. Required: a. Find the units produced b. Find the standard labor hours C. Find the actual labor hours d. Find the standard quantity.of materials allowed e. Find the actual quantity of materials used
Haku Comprehensive Inc had the following variances for the most recent month: Materials Price Variance Material Usage Variance Direct labor Rate Variance P7,000 U P1,440 F P11,540 F Direct Labor Efficiency Variance P13,96O U Other information included: actual wages paid P144,620; material purchased P261,520- standard per unit were 2 labor hours at P5 per hour, 3 pounds at P6 per pound. Theres were no changes in materials inventories. Required: a. Find the units produced b. Find the standard labor hours C. Find the actual labor hours d. Find the standard quantity.of materials allowed e. Find the actual quantity of materials used
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 2CMA: Marten Company has a cost-benefit policy to investigate any variance that is greater than 1,000 or...
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