For the month of August, M Company’s records disclosed the following data relating to direct labor: Actual direct labor cost P10,000 Rate variance 1,000 F Efficiency variance 1,500 U Standard direct labor cost P9,500 For the month of August, M used 2,000 direct labor hours. The company’s standard direct labor rate per hour is: Group of answer choices P5.50 P4.75 P4.50 P5.00

For the month of August, M Company’s records disclosed the following data relating to direct labor: Actual direct labor cost P10,000 Rate variance 1,000 F Efficiency variance 1,500 U Standard direct labor cost P9,500 For the month of August, M used 2,000 direct labor hours. The company’s standard direct labor rate per hour is: Group of answer choices P5.50 P4.75 P4.50 P5.00

Name: For the month of August, M Company’s records disclosed the following d
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Description: For the month of August, M Company’s records disclosed the following data relating to direct labor:Actual direct labor costP10,000Rate variance1,000 FEfficiency variance 1,500 UStandard direct labor costP9,500 For the month of August, M used

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...

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