Solution-How many direct labor hours were actually worked

How many direct labor hours were actually worked

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Reference no: EM132739019

Rainbow Company uses a standard cost system. Information about its direct labor costs for Product Lux for the month of January follows:

Standard hours allowed for actual production 1,500

Actual hourly rate paid P61.00

Standard hourly rate P60.00

Labor efficiency variance, Favorable P6,000

Problem 1: How many direct labor hours were actually worked during the month of January?

A. 1,400 C. 1,402

B. 1,498 D. 1,600

Problem 2: How much was the direct labor rate variance?

A. P1,400 F C. P1,400 U

B. P1,600 F D. P1,600 U

Reference no: EM132739019

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How many direct labor hours were actually worked

Reference no: EM132739019

Reference no: EM132739019

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