Reference no: EM133123680
Questions -
Q1. Cow, Inc. has a maintenance shop where repairs to its motor vehicles are done. During last month's labor strike, certain records were lost. The actual input of direct labor hours was 1,000,and the resulting direct labor budget variance was a favorable P3,400. The standard direct labor rate was P28.00 per hour, but an unexpected labor shortage necessitated the hiring of higher paid workers for some jobs and had resulted in a rate variance of P800. The actual direct labor rate was
a. 27.20 per hour
b. 28.80 per hour
c. 30.25 per hour
d. 31.40 per hour
Q2. Western Co. has total budgeted fixed costs of $72,000. Actual production of 5,500 units resulted in a $6,000 unfavorable volume variance. What normal capacity was used to determine the fixed overhead rate?
a. 5,000
b. 5,500
c. 6,000
d. 5,077
Q3. Information on Orman Company's direct labor costs is as follows:Standard direct labor rate $3.75, Actual direct labor rate $3.50, Standard direct labor hours 10,000, Direct labor usage (efficiency) variance-unfavorable P4,200. What were the actual hours worked, rounded to the nearest hour?
a. 10,714
b. 11,120
c. 11,200
d. 11,914
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