ABC Company produces mode trains. During the month of July, it produced 4,000 trains. The actual labor
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Question:
ABC Company produces mode trains. During the month of July, it produced 4,000 trains. The actual labor hours were 8 hours per train. Its standard labor hours are 10 hours per train. The standard labor rate is Php12.00 per hour. At the end of July, ABC Co. found that it had an unfavorable labor rate variance of Php8,000. What was ABC Company's actual cost per labor hour?
Group of answer choices
Php 13.00
Php 12.25
Php 12.75
Php 11.50
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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