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The Sta. Ana Company has a budgeted normal monthly capacity of 27. 5,000 labor hours with a standard production of 4,000 units at this capacity. Standard costs are: Materials 2 kilos at P1.00 Labor P8.00 hour per Factory overhead at normal capacity: Fixed expenses Variable expenses P5,000.00 P1.50 per labor hour During September, actual factory overhead totaled P11,250, 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. P204 favorable. P140 favorable. P3,440 unfavorable. None of the above. d. a. b. e. с. 28. Refer to Question No. 27. The labor efficiency variance was: P62.50 favorable. P2,250 unfavorable. P1,000 unfavorable. P2,187.50 favorable. d. a. b. e. None of the above. с.

The Sta. Ana Company has a budgeted normal monthly capacity of 27. 5,000 labor hours with a standard production of 4,000 units at this capacity. Standard costs are: Materials 2 kilos at P1.00 Labor P8.00 hour per Factory overhead at normal capacity: Fixed expenses Variable expenses P5,000.00 P1.50 per labor hour During September, actual factory overhead totaled P11,250, 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. P204 favorable. P140 favorable. P3,440 unfavorable. None of the above. d. a. b. e. с. 28. Refer to Question No. 27. The labor efficiency variance was: P62.50 favorable. P2,250 unfavorable. P1,000 unfavorable. P2,187.50 favorable. d. a. b. e. None of the above. с.

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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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: 27. 10 11 Materials 2 kilos at P1.00 12 Labor P8.00 per hour Factory overhead at normal capacity: Fixed expenses Variable expenses 14 P5,000.00 P1.50 per labor hour 16 During September, actual factory overhead totaled P11,250, 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: d. P3,440 unfavorable. None of the above. a. P1,440 unfavorable. b. P204 favorable. e. c. P140 favorable. Refer to Question No. 27. The labor efficiency variance was: P2,250 unfavorable. b. P1,000 unfavorable. P2,187.50 favorable. 28. F d. P62.50 favorable. a. e. None of the above. с. 8 13 15
Transcribed Image Text: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: 27. 10 11 Materials 2 kilos at P1.00 12 Labor P8.00 per hour Factory overhead at normal capacity: Fixed expenses Variable expenses 14 P5,000.00 P1.50 per labor hour 16 During September, actual factory overhead totaled P11,250, 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: d. P3,440 unfavorable. None of the above. a. P1,440 unfavorable. b. P204 favorable. e. c. P140 favorable. Refer to Question No. 27. The labor efficiency variance was: P2,250 unfavorable. b. P1,000 unfavorable. P2,187.50 favorable. 28. F d. P62.50 favorable. a. e. None of the above. с. 8 13 15
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