1. Continuation of the image is in the next problem, for this number the question is, how many actual direct labor hours were worked during the period?

on your way to work this morning, the papers were laying on the seat of Your new, rea convertible. As you were crossing a bridge on the Highway, a sudden gust of wind caught the papers and blew them over the edge of the onage and into the stream below. You managed to trieve only one page, which contains the following information. Standard Cost Summary Direct materials, 6 pounds at P3 P18.00 Jrect labor, 0.8 hours at P5 4.00 Variable overhead, 0.8 hours at P3 2.40 Fixed overhead, 0.8 hours at P7 5.60 P30.00 VARIANCES REPORTED Total Price or . Spending Quantity Volume Standard Rate or Budget OF Cost Efficiency Direct materials P405,000 P6,900 F P9,00G U Direct labor 90,000 4,850 U 7,000 U Variable overhead 54,000* P1,300 F Fixed 126,000 500 F Ah Car Scanner overhead P14,0001 * Applied to Work in process during the period Figure obliterated. You recall that manufacturing overhead cost is applied to production on the basis of direct labor-hours and that all of the materials purchased during the period were used in production. Since the company uses JIG to control work flows, work in process inventories are insignificant and can be ignored. anne It is now 8:30 A.M. The executive committee meeting starts in just one hour, you realize that to avoid looking like a bungling fool you must somehow generate the necessary "backup" data for the variances befor the meeting begins. Without backup data it will be impossible to lead the discussion or answer any questions.You have recently graduated from a university and have accepted a position with Villar Company, the manufacturer of a popular consumer product. During your first week on the job, the vice president has been favorably impressed with your work. She has been so impressed, in fact, that yesterday she called you into her office and asked you to attend the executive committee meeting this morning for the purpose of leading a discussion on the variances reported for last period. Anxious to Scanned with CamScanner favorably impress the executive committee, you took the variances and. supporting data home last night to study