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A company incurred the following expenditures related to the construction of a new home office: Purchase price of land and an old apartment building Fair value of land Legal fees, including fee for title search Payment of delinquent propertyr taxes Cost of razing the apartment building Grading and drainage on land site Architect fee on new building Payment to building contractor Interest cost on specific borrowing during construction Payment of medical bills of employees accidentally injured while inspecting building construction What is the cost of land? Cost of paying driyewayr and parking lot Cost of trees, shrubs and other landscaping Cost of installing light in parking lot Premium for insurance on building during construction Cost of open house party to celebrate opening of building 2,000,000 1,030,000 10,000 20,000 30,000 20,000 200,000 0,000,000 300,000 10,000 40,000 55,000 5,000 25,000 00,000 CPA Company's sales budget shows the following expected sales for the following year: Quarter Units First 120,000 Second 140,000 Third 160,000 Fourth 180,000 Total 600,000 The inventory at December 31 of the prior year was budgeted at 32,000 units. The quantity of finished goods inventory at the end of each quarter is to equal 30% of the next quarter's budgeted sales of units. How much should the production budget show for units to be produced during the first quarter?The following labor standards have been established for a particular product of CPA Company: Standard labor hours per unit of output 8.5 hours Standard labor rate $18.00 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 4,000 hours Actual total labor cost $70,000 Actual output 500 units What is the labor efficiency variance for the month?CPA Company employs a standard costing system. The following data are available for February: Actual direct labor hours worked 5,000 Standard direct labor rate $10 per hour Labor rate variance $2.500 favorable The actual direct labor rate for February is: [M] During May, CPA Company produced 10,000 units of Product X. Costs incurred by CPA during May were as follows Direct materials P60,000 Direct labor 50,000 Variable manufacturing overhead 40,000 Variable selling and general 30,000 Fixed manufacturing overhead 20,000 Fixed selling and general 10 000 Total P210,000 What are the unit costs under absorption and variable costing methods, respectively