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 direc...

Step 1 I Standard costing means where standard is set for various cost element and actual co ...

For the month of August, M Companys records disclosed the following data relating to direct labor: Actual

Fantastic news! We've Found the answer you've been seeking!

Question:

For the month of August, M Company’s 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 company’s standard direct labor rate per hour is?

Related Book For answer-question

Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

See More Books

Posted Date: Nov 16, 2022 01:29 AM

See More Questions

You are appointed the Chief Human Resource Manager at Jupundik Ltd and one of your immediate tasks is to ensure continuity of a positive work culture within the company. The company was started in...
Find the predicted value of the number of deaths for the mean values of the independent variables. I want to remind you that a dummy variable is only 0 or 1. Regression 3: ANOVA Regression. Residual...
Question 5 (a) Malaysia is a parliamentary democracy and constitutional monarchy country. The country has three tiers of Government namely Federal, state and local government. The regular elections...
What is the output of the following application? A. Painting: 00FF00 B. One line of code does not compile. C. Two lines of code do not compile. D. Three lines of code do not compile. E. The code...
Refer to the Fundamental Principles governing an audit. Under the Responsibilities Principle, auditors are required to exercise due care and maintain professional skepticism throughout the audit....
What is the reward-to-volatility ratio for the equity fund in the previous problem? Previous problem You manage an equity fund with an expected risk premium of 10% and a standard deviation of 14%....
When a solid melts, there is (a) An increase in enthalpy (b) No change in enthalpy (c) A decrease in enthalpy (d) A decrease in internal energy.
Hawkins Manufacturing Company produces connecting rods for 4- and 6-cylinder automobile engines using the same production line. The cost required to set up the production line to produce the...
Convert the following nfa to an equivalent dfa. Find a minimal equivalent dfa. (Remember that = = empty string) 1 0,1 0. 2 3 0
General Motors invests in securities of other companies. Access GMs 2019 10-K (which includes financial statements) using EDGAR at www.sec.gov. Required: 1. What is the amount and classification of...
Read the following case: McDonald, R. (2011, December). Don't leave your hand in the cookie jar . IMA Educational Case Journal, 4 (4), ART. 2. (Located in this module) Prepare a paper (memo) that...
Mark's goal is to improve his overall health. Specifically, he wants to reduce his risk for heart disease, reduce his blood pressure, and get seven or more hours of sleep every night. What type of...
"How does the implementation of Material Resource Planning (MRP) enhance inventory management and production scheduling in a manufacturing company, and what are the key challenges and benefits...
How did XYZ Electronics approach the development of its marketing strategy and plan, and what were its primary objectives?
How did covid effect cyber security in healthcare? Talk about possible changes to cybersecurity during covid Talk about any innovative solutions to cybersecurity or new ideas that came during covid
Blossom LLC, a leveraged-buyout specialist, recently bought a company and wants to determine the optimal time to sell it. The partner in charge of this investment has estimated the after-tax cash...
If the cash budget shows a short-term cash deficiency, the company should 1 point give up: it is going bankrupt anyway negotiate a loan to cover the shortfall issue additional share capital eliminate...
Explain the circumstances that could result in a long-term bank loan being shown in a statement of financial position as a current liability.
The trial balance for Treasure Hunt Exploration Company, Inc. does not balance. The following errors were detected: a. The cash balance is overstated by $5,000. b. Rent expense of $340 was...
Caren Smith opened a medical practice. During July, the first month of operation, the business, titled Caren Smith, M.D., P.C. (Professional Corporation), experienced the following events: Jul 6...
Great Foods Grocery reported the following comparative income statement for the years ended June 30, 2012 and 2011: During 2012, Great Foods discovered that ending 2011 inventory was overstated by...
A reversible heat engine working between two thermal reservoirs at $875 \mathrm{~K}$ and $315 \mathrm{~K}$ drives a reversible refrigerator which operates between the same $315 \mathrm{~K}$...
2 kg of water at $80^{\circ} \mathrm{C}$ is mixed adiabatically with $3 \mathrm{~kg}$ of water at $30^{\circ} \mathrm{C}$ in a constant pressure process of 1 atmosphere. Find the increase in...
A heat engine operating between two reservoirs at $1000 \mathrm{~K}$ and $300 \mathrm{~K}$ is used to drive a heat pump which extracts heat from the reservoir at $300 \mathrm{~K}$, at a rate...

For the month of August, M Companys records disclosed the following data relating to direct labor: Actual

Question:

Expert Answer:

Step 1 I Standard costing means where standard is set for various cost element and actual co... View the full answer

Financial and Managerial Accounting

Students also viewed these accounting questions