1. Tolentino Company uses a standard cost system. The following information pertains to direct labor for product B for the month of October.

Actual direct labor rate paid per hour 8.40

Standard direct labor rate per hour 8.00

Standard hours allowed for actual production 2,000

Direct labor efficiency variance - UF 1,600

What were the actual hours worked?

2. Information on Vergara Company's direct material costs for May 2018 is as follows:

Actual quantity of direct materials purchased and used in pounds30,000

Actual cost of direct materials 84,000

Unfavorable materials usage variance 3,000

Standard quantity of direct materials allowed for May production 29,000

For the month of May, what was Vergara's direct material price variance?

3. The following information relates to a given department of Viernes Company for its fourth quarter of 2020:

Actual total overhead (Fixed plus variable) P178,500

Budget formula P110,000 plus P50 per hour

Total factory overhead application rate P1.50 per hour

Spending variance - UF P8,000

Volume variance - F P5,000

The total variance is divided into 3 variances: Spending, Efficiency & Volume.

1. What were the actual hours worked during the quarter?
2. What were the standard hours allowed for good output during the quarter?
3. Each unit takes 5 hours to manufacture, and the selling price is P 4.50 per unit. Based on the overhead budget formula, how many units must be sold to generate P 30,000 more than total budgeted overhead costs?