Reference no: EM132561787

Question 1. The following direct labor information pertains to the manufacture of product Glow:

Time required to make one unit 2 DL hours

Number of direct workers 50

Number of productive hours per week, per worker 40

Weekly wages per worker P500

Workers' benefit treated as DL costs 20% of wages

What is the standard direct labor cost per unit of product Glow?

a. P30

b. P24

c. P15

d. P12

Question 2. The flexible-budget variance in operating income is

a. Actual operating income minus flexible budget operating income.

b. Budgeted unit price times the difference between actual inputs and budgeted inputs for the actual activity level achieved.

c. A flexible budget amount minus a static budget amount.

d. Actual unit price minus budgeted unit price, times the actual units produced.