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High Fliers Company produces model airplanes. During the month of November, it produced 2,000 planes. The actual labor hours were 7 hours per plane. Its standard labor hours are 10 hours per plane. The standard labor rate is Php11 per hour. At the end of November, High Fliers found that it had a favorable labor rate variance of Php10,500.
Question 1: What was High Fliers actual cost per labor hour?
a. Php12.75
b. Php11.50
c. Php10.50
d. Php10.25
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