The Sta. Ana Company has a budgeted normal monthly capacity of 27. 5,000 labor hours with a standard production of 4,000 units at this capacity. Standard costs are: Materials 2 kilos at P1.00 Labor P8.00 hour per Factory overhead at normal capacity: Fixed expenses Variable expenses P5,000.00 P1.50 per labor hour During September, actual factory overhead totaled P11,250, and 4,500 labor hours cost P33,750. Production during the month was 3,500 units using 7,200 kilos of materials at a cost of P1.02 per kilo. The materials price variance during September was: P1,440 unfavorable. P204 favorable. P140 favorable. P3,440 unfavorable. None of the above. d. a. b. e. с. 28. Refer to Question No. 27. The labor efficiency variance was: P62.50 favorable. P2,250 unfavorable. P1,000 unfavorable. P2,187.50 favorable. d. a. b. e. None of the above. с.
The Sta. Ana Company has a budgeted normal monthly capacity of 27. 5,000 labor hours with a standard production of 4,000 units at this capacity. Standard costs are: Materials 2 kilos at P1.00 Labor P8.00 hour per Factory overhead at normal capacity: Fixed expenses Variable expenses P5,000.00 P1.50 per labor hour During September, actual factory overhead totaled P11,250, and 4,500 labor hours cost P33,750. Production during the month was 3,500 units using 7,200 kilos of materials at a cost of P1.02 per kilo. The materials price variance during September was: P1,440 unfavorable. P204 favorable. P140 favorable. P3,440 unfavorable. None of the above. d. a. b. e. с. 28. Refer to Question No. 27. The labor efficiency variance was: P62.50 favorable. P2,250 unfavorable. P1,000 unfavorable. P2,187.50 favorable. d. a. b. e. None of the above. с.
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 8EB: Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450...
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