Brennan Company. The following information is given for the production month of May for Brennan Company: Standards: Material Labor 4.0 feet per unit of product @ P4.00 per foot 3.0 hours per unit of product @ P8.20 per hour Actual: Production 3,500 units produced during the month Material 14,200 feet used; 14,700 feet purchased @P3.80 per foot Labor 10,400 actual hours @ $8.50 per hour