Each of the following independent situations relates to direct labor. Fill in the blanks. A В Units produced 4,000 3,000 Actual hours worked 1,900 8,400 Standard hours for production achieved 2,000 Standard hours per unit 0.5 2 Standard rate per hour P12 P10 P12 Actual labor cost P83,600 Rate variance P310U P900U Efficiency variance P2,000U P1,800F

FINANCIAL ACCOUNTING
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Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Standard Costing

Each of the following independent situations relates to direct labor. Fill in the blanks.
А
B
C
D
Units produced
4,000
3,000
Actual hours worked
1,900
8,400
Standard hours for production achieved
2,000
6,000
Standard hours per unit
0.5
2
3
Standard rate per hour
P12
P10
P12
Actual labor cost
P83,600
P24,500
Rate variance
P310U
P900U
P300F
Efficiency variance
P2,000U P1,8OOF
P800 U
Transcribed Image Text:Each of the following independent situations relates to direct labor. Fill in the blanks. А B C D Units produced 4,000 3,000 Actual hours worked 1,900 8,400 Standard hours for production achieved 2,000 6,000 Standard hours per unit 0.5 2 3 Standard rate per hour P12 P10 P12 Actual labor cost P83,600 P24,500 Rate variance P310U P900U P300F Efficiency variance P2,000U P1,8OOF P800 U
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