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FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Each of the following independent situations relates to direct labor. Fill in the blanks. А В 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 Р300F Efficiency variance P2,000U P1,800F P800 U
Transcribed Image Text:Each of the following independent situations relates to direct labor. Fill in the blanks. А В 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 Р300F Efficiency variance P2,000U P1,800F P800 U
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