PLEASE ANSWER ALL OF THIS QUESTION ASAP!!! Gugma Corporation uses a standard cost...
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PLEASE ANSWER ALL OF THIS QUESTION ASAP!!!
Gugma Corporation uses a standard cost system to collect costs related to the production of its platinum plates. The direct labor standard for each platinum plate is 4 hours. Its standard cost of P120 per hour. During July, production used 5,755 direct labor-hours at an average direct labor cost of P118 per hour. This resulted to 1,420 platinum plates. Determine the following using the following data above: 1. Direct labor rate variance = 2. Direct labor efficiency variance = 3. Total direct labor spending variance = Indicate whether the variance is favorable or unfavorable. Follow the format for your final answer: xx,xxxx.xx FAVORABLE or xx, xxx.xx UNFAVORABLE. (For example, 20,050.00 FAVORABLE or 17,500.50 UNFAVORABLE). Round off final answers to two decimal places.)
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