What was El standard labor rate

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Reference no: EM133094723

Question - El Company's direct labor costs are presented as follows:

Standard direct labor hours 30,000

Actual direct labor hours 29,000

Direct labor efficiency variance, favorable P 4,000

Direct labor rate variance, favorable P 5,800

Total payroll P 100,200

Required -

1. What was El's standard labor rate?

a. P3.54

b. P4.00

c. P3.80

d. P5.80

2. Using the same information, what was El's actual direct labor rate?

a. P3.60

b. P4.00

c. P3.80

d. P5.80

Reference no: EM133094723

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