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Operational statistics generated for the period just ended for Halik Co., maker of a line of furniture, follow: Standards per set: Materials 2.0 yards @
Operational statistics generated for the period just ended for Halik Co., maker of a line of
furniture, follow:
Standards per set:
Materials 2.0 yards @ P100
Labor 0.5 hour @ P200
Actual results:
Production 20,000 sets
Materials used 37,000 yards
Price per yard P102.00
Direct labor hours used 9,000 hours
Direct labor cost P1,764,000
The direct labor rate variance was:
a. P36,000 favorable
b. P36,000 unfavorable
c. P40,000 favorable
d. P40,000 unfavorable
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