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What the direct labor rate variance

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Reference no: EM132949161

Question - Operational statistics generated for the period just ended for Halik Co., maker of a line of furniture, follow:

Standards per set:

Materials 2.0 yards @ P100

Labor 0.5 hour @ P200

Actual results:

Production 20,000 sets

Materials used 37,000 yards

Price per yard P102.00

Direct labor hours used 9,000 hours

Direct labor cost P1,764,000

Required - What the direct labor rate variance?

a. P36,000 favorable

b. P36,000 unfavorable

c. P40,000 favorable

d. P40,000 unfavorable

Reference no: EM132949161

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