The U.R. Good Company produces a product using standard costs as follows: a. Standard cost per unit Materials 7 kilos at ₱ 3.50 per kilo Labor 8 hours at ₱ 1.75 per kilo Fixed MOH ₱ 1.15 per hour or ₱ 9.20 per unit Variabl
The U.R. Good Company produces a product using standard costs as follows:
| a. Standard cost per unit | |
| Materials | 7 kilos at ₱ 3.50 per kilo |
| Labor | 8 hours at ₱ 1.75 per kilo |
| Fixed MOH | ₱ 1.15 per hour or ₱ 9.20 per unit |
| Variable MOH | ₱ 0.85 per hour or ₱ 6.80 per unit |
| b. Overhead is applied on direct labor hours | |
| c. Actual performance (1 month) | |
| Volume produced | 800 |
| Labor hours | 6,300 |
| Overhead | ₱13,200 |
| Material Cost | ₱ 3.45 per kilo |
| Labor Cost | ₱ 1.80 per hour |
| Material Used | 4,800 kilos |
The Material Quantity Variance is ____________________ .
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The U.R. Good Company produces a product using standard costs as follows: a. Standard cost per unit Materials 7 kilos at ₱ 3.50 per kilo Labor 8 hours at ₱ 1.75 per kilo Fixed MOH ₱ 1.15 per hour or ₱ 9.20 per unit Variabl
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units.
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Total labor variance
$
Unfavorable or Favorable
Labor price variance
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Unfavorable or Favorable
Labor quantity...
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Unfavorable or Favorable
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