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What direct labor efficiency variance for april was

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Reference no: EM132769584

Superior Company, which started business on April 1, uses a standard cost system in accounting for manufacturing costs. The standard costs for a unit of its product are:

Materials: 2 units at P3 per kilo                                     P6.00
Labor: 1 hour at P4 per hour                                        4.00
Factory overhead: 75% of direct labor cost                        3.00

                                                                                = P13.00

Following data were gathered from Superior's records for April:

Units produced                     5,000
Units sold                           4,000
Sales                           P100,000
Purchases (11,000 kilos)   P 38,500
Materials price variance (applicable to April purchases)  P550 unfavorable
Actual quantity of materials used                                10,500 kilos
Actual labor hours worked                                             4,800 hours
Direct labor rate variance                                           P800 favorable
Factory overhead total variance                                   P500 unfavorable

Problem a. The material quantity variance for April was ____________.

Problem b. The direct labor efficiency variance for April was ____________.

Problem c. The actual factory overhead for April was __

Reference no: EM132769584

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