Professional Documents
Culture Documents
Cost Accounting 4
Cost Accounting 4
College department
Cost Accounting and Management
Kriza S. Matro
III-BSA
ACTIVITY 1
Hernando D. Valmores, Jr
Former manager, CPA
ACTIVITY 2
Standard Hours in Reading books such as books in cost accounting, financial
accounting, Rizal’s works and philosophy, Income taxation, and Law on
Obligation and contract.
a. Using an assumed hourly wage rate of P 164.05, calculate the labor efficiency
variance for your team.
Kriza Matro
Actual Hours 12
Less: Standard Hours 15
Difference -3
x Standard Rate 164.05
labor efficiency variance -492.15
Mark Allan Flores
Actual Hours 10
Less: Standard Hours 15
Difference -5
x Standard Rate 164.05
labor efficiency variance -820.25
Actual Hours 9
Less: Standard Hours 15
Difference -6
x Standard Rate 164.05
labor efficiency variance -984.3
ACTIVITY 3
WEB RESEARCH
Its food service poultry products and sliced meats are distributed nationwide
and served almost anywhere food is prepared away from home. Our foodservice
customers include many of the best-known national restaurant chains, the
U.S. military, and the national and regional distributors who sell to local
restaurants and other commercial and institutional customers.
It accesses all of its employees to the fullest. And ever since company founder
Arthur Perdue hired his first associate in 1930, the company has recognized
that people are essential to its success. And that philosophy continues to drive
its concern for its associates.
ACTIVITY 4
Cost is Life