14. To improve productivity, ST. MICHAEL Corp. instituted a bonus plan where employees are paid 75% of the time saved when production performance exceeds the standard level of production. The company computes the bonus on the basis of four-week periods. The standard production is set at 3 units per hour. Each employee works 37 hours per week, and the wage rate is 124 per hour. Below are data for one 4-week period: Weekly Production (Units) Employee lst 2nd 3rd 4th Total ALAN 107 100 110 108 425 JOEL 104 110 115 115 444 ROMY 108 112 112 133 465 TONY 123 120 119 124 486 The employee who had the inconsistent performance (sometimes performing below standard) but got a bonus is A. Alan = P36 bonus. c. Romy = P126 bonus. B. Joel = 554 bonus. D. Tony = P252 bonus. 23. ABC Company uses the equation P300,000 + P1.75 per direct labor hour to budget manufacturing overhead. ABC has budgeted 125,000 direct labor hours for the year. Actual results were 110,000 direct labor hours, P297,000 fixed overhead, and P194,500 variable overhead. What is the fixed overhead volume variance for the year? A. P35,000 U. B. P36,000 U. C. P2,000 F D. P3,000 F Questions 40 and 41 are based on the following information. Valenzuela Plastics Inc. has set a standard cost, P5.25 per unit for Material Danc P12.25 per unit for Material E. In Jure, Valenzuela bought 17,500 units of Material D and 8,750 units cf Material E. All Material D, except 1,400 units were bought at the standard unit cost. The 1,400 units had a unit cost of P6.15. Valenzuela bought 7,875 units of Material Ea: standard cost and 875 unite at a unit cost of p11. In accordance with the standard two units o: Material D and one unit of Ma:erial E E should be used to make each unit of Froduct F. In January, 7,000 units of Product I were made and 15,050 urits cf Material D were used anai, 175 units o: Marexial tware used. 40. The total materials price variance is A. P2,791.25 B. P2,791,25 U C. P13,781.25 D. P13,781.25 U 41. The total materials quantity variance is A. P7,656.25 F B. P7,55.25 U C. 13,781.25 F D. $13,781.25 U