1. The following information belongs to Magalang Company that uses a standard costing'

Basic wage rate Php. 12/hr

Fringe benefits Php. 2/hr

Basic time 2hrs/unit

Allowance for down time 0.3 hrs/unit

Allowance for brakes 0.2 hrs/unit

Based on the information,what is the standard direct labor cost per unit?

2. Alibaba Corp uses a standard costing system. The corp. established the following direct materials cost standards for one unit of Product K.

Standard Quantity 4lbs

Standard rate Php 5/lbs

Standard cost Php. 20

During the month of January, alibaba purchased 25,000 of materials at a cost of Php 128,750 and used 10,250 lbs of materials to produce 2,500 units of Product.

What is the direct materials price variance for January?