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MIX Manufacturing has this standard direct labor rates and standard hours allowed for output for the current quarter Standard Standard hrs Total rate/hr P12.00 10.50 7.50 Laborers Class 1 Class 2 Class 3 Total Laborers Class 1 Class 2 Class 3 Total P14.40 12.60 The wage rates for each labor class increased by 20% under the terms of a new union contract. The standard wage rates were not revised. Actual direct labor costs incurred for the current quarter are as follows: Actual rate/hr Actual labor hours Total Costs 9.00 allowed for output 300 400 500 1,200 135. Labor mix variance must be A. P58.75 U 8. P540 U C. P2,418 U D. P2,958 U Costs 350 380 520 1,250 P3,600 4,200 3,750 P11,550 PS,010 4,788 4,680 P14,508

MIX Manufacturing has this standard direct labor rates and standard hours allowed for output for the current quarter Standard Standard hrs Total rate/hr P12.00 10.50 7.50 Laborers Class 1 Class 2 Class 3 Total Laborers Class 1 Class 2 Class 3 Total P14.40 12.60 The wage rates for each labor class increased by 20% under the terms of a new union contract. The standard wage rates were not revised. Actual direct labor costs incurred for the current quarter are as follows: Actual rate/hr Actual labor hours Total Costs 9.00 allowed for output 300 400 500 1,200 135. Labor mix variance must be A. P58.75 U 8. P540 U C. P2,418 U D. P2,958 U Costs 350 380 520 1,250 P3,600 4,200 3,750 P11,550 PS,010 4,788 4,680 P14,508

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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MIX Manufacturing has this standard direct labor rates and standard hours allowed for output for the current quarter Standard rate/hr P12.00 Laborers Class 1 Class 2 Class 3 Total 10.50 7.50 Class 1 Class 2 Class 3 Total P14.40 12.60 9.00 Standard hrs allowed for output 135. Labor mix variance must be A. P58.75 U 8. P540 U The wage rates for each labor class increased by 20% under the terms of a new union contract. The standard wage rates were not revised. Actual direct labor costs incurred for the current quarter are as follows: Laborers Actual rate/hr Actual labor hours Total Costs 300 400 500 1,200 C. P2,418 U D. P2,958 U 350 Total Costs 380 520 1,250 P3,600 4,200 3,750 P11,550 P5,040 4,788 4,680 P14,508
Transcribed Image Text:MIX Manufacturing has this standard direct labor rates and standard hours allowed for output for the current quarter Standard rate/hr P12.00 Laborers Class 1 Class 2 Class 3 Total 10.50 7.50 Class 1 Class 2 Class 3 Total P14.40 12.60 9.00 Standard hrs allowed for output 135. Labor mix variance must be A. P58.75 U 8. P540 U The wage rates for each labor class increased by 20% under the terms of a new union contract. The standard wage rates were not revised. Actual direct labor costs incurred for the current quarter are as follows: Laborers Actual rate/hr Actual labor hours Total Costs 300 400 500 1,200 C. P2,418 U D. P2,958 U 350 Total Costs 380 520 1,250 P3,600 4,200 3,750 P11,550 P5,040 4,788 4,680 P14,508
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