Lavada Kedavra's Mattress Cleaning Service can clean a total of 65 mattresses per month while consuming the following resources: Labor: 200 hours at Php 100 per labor hour Cleaning Materials: total of Php 1,000 Specialized Matress Vacuum rental: 20 days at Php 100 per day What is their estimated cost incurred per mattress cleaned in a month? O Php 308 O Php 292 O Php 354 O Php 369

Lavada Kedavra's Mattress Cleaning Service can clean a total of 65 mattresses per month while consuming the following resources: Labor: 200 hours at Php 100 per labor hour Cleaning Materials: total of Php 1,000 Specialized Matress Vacuum rental: 20 days at Php 100 per day What is their estimated cost incurred per mattress cleaned in a month? O Php 308 O Php 292 O Php 354 O Php 369

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Description: Lavada Kedavra's Mattress Cleaning Service can clean a total of 65 mattresses per month while consumingthe following resources:Labor: 200 hours at Php 100 per labor hourCleaning Materials: total of Php 1,000Specialized Matress Vacuum rental: 20 days

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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Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours Standard Rate per Hour Standard Cost 24 minutes $ 6.00 $ 2.40 During August, 8,380 hours of direct labor time were needed to make 19,500 units of the Jogging Mate. The direct labor cost totaled $48,604 for the month. Required: 4. What is the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.50 per direct labor-hour. During August, the company incurred $40,224 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month.
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