Question
For the month of August, M Companys records disclosed the following data relating to direct labor: Actual direct labor cost P10,000 Rate variance 1,000 F
For the month of August, M Companys records disclosed the following data relating to direct labor:
| Actual direct labor cost | P10,000 |
| Rate variance | 1,000 F |
| Efficiency variance | 1,500 U |
| Standard direct labor cost | P9,500 |
For the month of August, M used 2,000 direct labor hours. The companys standard direct labor rate per hour is:
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The Power Of Accounting What The Numbers Mean And How To Use Them
Authors: Lawrence Lewis
1st Edition
0415884306, 978-0415884303
