51. Buzz Company uses 40,000 gallons of materials for which they paid P7.00 a gallon. The materials price variance was P80,000 favorable. What is the standard price per gallon?

a. ? P2.00

b. ? P5.00

c. ? P7.00

d. ? P9.00

52.

0000 52 . Joint products A, B and C are produced by JNT Corp. For the month just ended, these data are available: " (2 Points) A B (3 Units produced 3,500 9,?00 6,900 Processing costs after split off P10,200 P19,400 P6300 Units sold 0,400 9,700 6,400 Ultimate selling price per unit P6 P5 P4 There were no beginning inventories, and joint cost data during the month amounted to P49,830. Assuming the average unit cost method is used in apportioning the joint costs, the cost per units is - P2033 - P1335 - P2045 - P1106