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19 the following direct manufacturing labor

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19.The following direct manufacturing labor informationpertains to the manufacture of Product B.Time required to make one unit, 2 direct laborhoursNumber of direct workers 50Number of productive hours per week, per worker 40Weekly wages, per worker P500Workers’ benefits treated as direct manufacturinglabor costs 20% of wages
What is the standard direct manufacturing labor costper hour?
20.Lucky Company sets the following standards for theyear.Direct labor cost [2 DLH @ P4.50]P9.00Manufacturing overhead [2 DLH @ P7.50]P15.00Lucky Company plans to produce its only productequally each month.The following is the annualbudget for overhead costs:
EXCEL PROFESSIONAL SERVICES, INC.Fixed overheadP150,000Variable overhead300,000Normal activity in direct labor hours60,000In March, Lucky Company produced 2,450 units withactual direct labor hours used of 5,050.Actualoverhead costs for the month amounted to P37,245(Fixed overhead is as budgeted.)The amount of overhead volume variance for LuckyCompany is
Page 5 of 6MAS.3204
21.JKL Co. has total budgeted fixed costs of P75,000.Actual production of 19,500 units resulted in a P3,000favorable volume variance. What normal capacity wasused to determine the fixed overhead rate?
22.The following information is available from the TyroCompany:Actual factory O/HP15,000Fixed O/H expenses, actualP7,200Fixed O/H expenses, budgetedP7,000Actual hours3,500Standard hours3,800Standard variable O/H rate perDLHP2.50How much is the variable overhead rate variance?a. P750 Fc.P950 Fb.P750 U.d.P200 U
23.At Overland Company, maintenance cost is exclusivelya variable cost that varies directly with machine-hours.The performance report for July showed that actualmaintenance costs totaled P9,800 and that theassociated spending variance was P200 unfavorable. If8,000 machine-hours were actually worked duringJuly, the budgeted maintenance cost per machine-hourwas:

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Term
Fall
Professor
N/A
Tags
Cost Accounting, Direct material price variance, variance analysis

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