Mandy Co. adopted a standard cost system several years ago. The standard costs for the prime costs of its single product follow: Material: 10 kg @ P4.50/kg Labor: 6 hours @ P8.50/hr P45.00 P51.00 The following operating data were taken from the records for November: Units completed Budgeted output Materials purchased Total actual labor costs 5,800 units 6,000 units 60,000 kg P306,600 36,500 hours P2,250 unfavorable Actual hours of labor Material usage variance Total material variance P450 unfavorable

Mandy Co. adopted a standard cost system several years ago. The standard costs for the prime costs of its single product follow: Material: 10 kg @ P4.50/kg Labor: 6 hours @ P8.50/hr P45.00 P51.00 The following operating data were taken from the records for November: Units completed Budgeted output Materials purchased Total actual labor costs 5,800 units 6,000 units 60,000 kg P306,600 36,500 hours P2,250 unfavorable Actual hours of labor Material usage variance Total material variance P450 unfavorable

Name: a. Compute for the actual cost paid per kilogramb. Compute for the Lab
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Description: a. Compute for the actual cost paid per kilogramb. Compute for the Labor Efficiency Variance Exercise 9-6: DIRECT MATERIALS and DIRECT LABOR VARIANCEMandy Co. adopted a standard cost system several years ago. The standard costs for theprime costs of

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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