What was El standard labor rate

Assignment Help Managerial Accounting
Reference no: EM133094723

Question - El Company's direct labor costs are presented as follows:

Standard direct labor hours 30,000

Actual direct labor hours 29,000

Direct labor efficiency variance, favorable P 4,000

Direct labor rate variance, favorable P 5,800

Total payroll P 100,200

Required -

1. What was El's standard labor rate?

a. P3.54

b. P4.00

c. P3.80

d. P5.80

2. Using the same information, what was El's actual direct labor rate?

a. P3.60

b. P4.00

c. P3.80

d. P5.80

Reference no: EM133094723

Questions Cloud

Ethnographic Investigation : Includes a description of your field note and a reflection of your first fieldwork experience.
What is the current occupancy rate for office space in city : The amount of space per employee is expected to remain the same. What is the current occupancy rate for office space in Small City
Research the employment standards act : Research the Employment Standards Act and describe ( In your own words) the provisions for Termination of Employment and Severance.
Employee health care and benefits : Health insurance, which accounts for over one-fourth of employer spending on benefits and is thus the single most costly benefit offered by employers, has, as w
What was El standard labor rate : El Company's direct labor costs are presented as follows: Standard direct labor hours 30,000, Actual direct labor hours 29,000. What was El standard labor rate
Blood plasma interstitial fluid and intracellular fluid : Name the most abundant chemical constituent in blood plasma interstitial fluid, and intracellular fluid. Is a solution with PH above 7 acid or alkaline?
What would be the usual charge for these services : Her routine blood work will include a basic metabolic panel and a lipid panel. What would be the usual charge for these services
FINA1149 Finance for Non-Finance Managers Assignment : FINA1149 Finance for Non-Finance Managers Assignment Help and Solution, University of greenwich - Assessment Writing Service
What is the minimum increase in peso : The company is subject to 40 percent tax bracket. A plan includes an increase in advertising cost of P480,000. What is the minimum increase in peso

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd