26. Information on Jenelle Company's direct labor cost is as follows: Standard direct labor hours 10,000 Standard direct labor rate P3.75 Actual direct labor rate Р3.50 Direct labor usage (efficiency) variance -unfavorable What were the actual hours worked, rounded to the nearest hour? P4,200 a. 10,714 c. 11,200 b. 11,120 d. 11,914

Q: Define cost behaviour.

A: High-Low Method: The high-low method is the method by which the variable component and the fixed…

Q: Explain the Problems in Cost Accounting Measurements?

A:

Q: Define restructuing costs.

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: Examples of transaction costs

A: Transaction costs are the costs which occur during buying or selling of services and goods. They are…

Q: What is a component cost?

A: The most granular description of element costs is the cost components.  Types of cost components are…

Q: Define cost structure.

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: Define relevant cost.

A: Relevant cost is a cost which can be changed with change in selection of a alternative decision.…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.