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с. 1,598 d. 1,600 27. The Sta. Ana Company has a budgeted normal monthly capacity of 5,000 labor hours with a standard production of 4,000 units at dns capacity. Standard costs are: Materials Labor 2 kilos at P1.00 Factory overhead at normal сараcity: Fixed expenses Variable P8.00 per hour P5.000.00 expenses PL.50 per labor hour During September, actual factory overhead totaled PI1,250, and 4,500 labor hours cost P33,750. Production during the month was 3,500 units using 7,200 kilos of materials at a cost of P1.02 per kilo. The materials price variance during September was: a. PI,440 unfavorable. b. P204 favorable. d. P3,440 unfavorable. None of the above. e. c. P140 favorable. 28. Refer to Question No. 27. The labor efficiency variance was: d. P62.50 favorable. None of the above. P2,250 unfavorable. b. P1,000 unfavorable. P2,187.50 favorable. a. e. с. 29. Leia Company's direct-labor costs for the month of January 2013 were as follows: 20,000 21,000 Actual direct-labor hours.. Standard direct-labor hours Direct-labor rate variance - unfavorable.. P3,000 Total Payroll.. A**....... P126,000 What was Leia's direct-labor efficiency variance? P6,000 favorable. P6,150 favorable. P6,300 favorable. P6,450 favorable. с. d. a. b.

с. 1,598 d. 1,600 27. The Sta. Ana Company has a budgeted normal monthly capacity of 5,000 labor hours with a standard production of 4,000 units at dns capacity. Standard costs are: Materials Labor 2 kilos at P1.00 Factory overhead at normal сараcity: Fixed expenses Variable P8.00 per hour P5.000.00 expenses PL.50 per labor hour During September, actual factory overhead totaled PI1,250, and 4,500 labor hours cost P33,750. Production during the month was 3,500 units using 7,200 kilos of materials at a cost of P1.02 per kilo. The materials price variance during September was: a. PI,440 unfavorable. b. P204 favorable. d. P3,440 unfavorable. None of the above. e. c. P140 favorable. 28. Refer to Question No. 27. The labor efficiency variance was: d. P62.50 favorable. None of the above. P2,250 unfavorable. b. P1,000 unfavorable. P2,187.50 favorable. a. e. с. 29. Leia Company's direct-labor costs for the month of January 2013 were as follows: 20,000 21,000 Actual direct-labor hours.. Standard direct-labor hours Direct-labor rate variance - unfavorable.. P3,000 Total Payroll.. A**....... P126,000 What was Leia's direct-labor efficiency variance? P6,000 favorable. P6,150 favorable. P6,300 favorable. P6,450 favorable. с. d. a. b.

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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Please answer number 27 to 29 with solution. 

What are the actual hours worked? Hing Performance Measures 355 1,400 b. a. 1,402 c. 1,598 d. 27. The Sta. Ana Company has a budgeted normal monthly capacity of 5,000 labor hours with a standard production of 4,000 units at this capacity. Standard costs are: 1,600 Materials Labor Factory overhead at normal 2 kilos at P1.00 hour P8.00 per сараcity: Fixed expenses Variable P5.000.00 expenses PL.50 per labor hour During September, actual factory overhead totaled PI1,250, and 4,500 labor hours cost P33,750. Production during the month was 3,500 units using 7,200 kilos of materials at a cost of P1.02 per kilo. The materials price variance during September was: P1,440 unfavorable. b. P204 favorable. d. P3,440 unfavorable. None of the above. a. e. c. P140 favorable. 28. Refer to Question No. 27. The labor efficiency variance was: d. P62.50 favorable. a. P2,250 unfavorable. None of the above. b. P1,000 unfavorable. P2,187.50 favorable. e. с. 29. Leia Company's direct-labor costs for the month of January 2013 were as follows: 20.000 Actual direct-labor hours... Standard direct-labor hours. Direct-labor rate variance - unfavorable.. P3,000 Total Payroll..... 21,000 P126,000 What was Leia's direct-labor efficiency variance? a. P6,000 favorable. b. P6,150 favorable. P6,300 favorable. d. P6,450 favorable. с.
Transcribed Image Text:What are the actual hours worked? Hing Performance Measures 355 1,400 b. a. 1,402 c. 1,598 d. 27. The Sta. Ana Company has a budgeted normal monthly capacity of 5,000 labor hours with a standard production of 4,000 units at this capacity. Standard costs are: 1,600 Materials Labor Factory overhead at normal 2 kilos at P1.00 hour P8.00 per сараcity: Fixed expenses Variable P5.000.00 expenses PL.50 per labor hour During September, actual factory overhead totaled PI1,250, and 4,500 labor hours cost P33,750. Production during the month was 3,500 units using 7,200 kilos of materials at a cost of P1.02 per kilo. The materials price variance during September was: P1,440 unfavorable. b. P204 favorable. d. P3,440 unfavorable. None of the above. a. e. c. P140 favorable. 28. Refer to Question No. 27. The labor efficiency variance was: d. P62.50 favorable. a. P2,250 unfavorable. None of the above. b. P1,000 unfavorable. P2,187.50 favorable. e. с. 29. Leia Company's direct-labor costs for the month of January 2013 were as follows: 20.000 Actual direct-labor hours... Standard direct-labor hours. Direct-labor rate variance - unfavorable.. P3,000 Total Payroll..... 21,000 P126,000 What was Leia's direct-labor efficiency variance? a. P6,000 favorable. b. P6,150 favorable. P6,300 favorable. d. P6,450 favorable. с.
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