1. Happy, Inc. produces a product requiring 8 pounds of material at P1.50 per pound. Happy, Inc. produced 10,000 units of this product during 2021 resulting in a P30,000 unfavorable materials quantity variance. How many pounds of direct material did Happy, Inc use during 2021?

a. 100,000 pounds

b. 160,000 pounds

c. 80,000 pounds

d. 125,000 pounds

2.

X Corp uses ABC to determine unit product cost. The company has two products namely G and N. The company's production for G and N are 1,000 units and 2,000 units, respectively. There are three overhead activity centers with overhead cost and product's activity as follows: * (2 Points) ACTIVITY Overhead Cost G Activity N Activity Inspection 100 100 10,000.00 Storage 50 50 5,000.00 Move in/Handling 20 30 5,000.00 The overhead cost per unit of Product N under ABC is? O . 5.25 O . 10,500 O . 10.00 . 6.50 O . 20,000