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99. During January, 7,000 direct labor hours were worked at a standard cost of P20 per hour. If the direct labor rate variance for January was P17,500 favorable, the actual cost per direct labor hour must be C. P22.50 D. P25.00 A. P17.50 B. P20.00

99. During January, 7,000 direct labor hours were worked at a standard cost of P20 per hour. If the direct labor rate variance for January was P17,500 favorable, the actual cost per direct labor hour must be C. P22.50 D. P25.00 A. P17.50 B. P20.00

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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99. During January, 7,000 direct labor hours were worked at a standard cost of P20 per hour. If the direct labor rate variance for January was P17,500 favorable, the actual cost per direct labor hour must be A. P17.50 B. P20.00 C. P22.50 D. P25.00
Transcribed Image Text:99. During January, 7,000 direct labor hours were worked at a standard cost of P20 per hour. If the direct labor rate variance for January was P17,500 favorable, the actual cost per direct labor hour must be A. P17.50 B. P20.00 C. P22.50 D. P25.00
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