Determine the total manufacturing overhead cost that A Company should incur next month. 2. A Company makes a product that has P6 in materials cost. It requires two hours of labor time and 30 minutes of machine time. Laborers earn P10 per hour. What is the product's per unit variable manufacturing cost? 3. Suppose that A Company could reduce the labor time for the product described in requirement 2 by 30 minutes, to 1.50 hours. Machine time will remain the same. By how much would the per unit variable manufacturing cost fall?

XII. The chief statistician of Aloha Company has developed the following cost formula: Y = P50,000+2L + 3M Where: Y = total monthly manufacturing overhead cost L = labor hours M = machine hours The measure of goodness of fit is good and no evidence of multicolinearity exists. The company will use 10,000 labor hours and 3,000 machine hours next month.