Question: 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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