98. The following information Standard DL hours Actual DL hours pertains to Boomerang Company's direct labor for March: 21,000 DL rate variance P8,400 F P6.30 20,000 Standard DL rate/hour What was the total actual direct labor cost for March? A. P117,600 B. P118,000 C. P134,000 D. P134,400
98. The following information Standard DL hours Actual DL hours pertains to Boomerang Company's direct labor for March: 21,000 DL rate variance P8,400 F P6.30 20,000 Standard DL rate/hour What was the total actual direct labor cost for March? A. P117,600 B. P118,000 C. P134,000 D. P134,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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98
Transcribed Image Text:98. The following information pertains to Boomerang Company's direct labor for March:
Standard DL hours 21,000
Actual DL hours
20,000
DL rate variance
Standard DL rate/hour
What was the total actual direct labor cost for March?
A. P117,600
B. P118,000
C. P134,000
D. P134,400
P8,400 F
P6.30
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