Perez Company adopted a standard cost system several years ago.The standard costs for the prime costs of its single product follow: The following operating data were taken from the records for November: Compute the following:
a.Labor rate variance
b.Labor efficiency variance
c.Actual kilograms of material used in the production process
d.Actual cost paid per kilogram of material

Question

Perez Company adopted a standard cost system several years ago.The standard costs for the prime costs of its single product follow:  The following operating data were taken from the records for November:  Compute the following: 
a.Labor rate variance
b.Labor efficiency variance
c.Actual kilograms of material used in the production process
d.Actual cost paid per kilogram of material

Quizplus · Accepted Answer

The Answer of Perez Company adopted a standard cost system several years ago.The standard costs for the prime costs of its single product follow:  The following operating data were taken from the records for November:  Compute the following: 
a.Labor rate variance
b.Labor efficiency variance
c.Actual kilograms of material used in the production process
d.Actual cost paid per kilogram of material

Perez Company Adopted a Standard Cost System Several Years Ago