Question

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 ____________________ .

Group of answer choices

₱ 2,800  Favorable

₱ 250  Unfavorable

₱ 200  Favorable

₱ 240  Favorable



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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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