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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
pls answer number 28
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education