Golden Shower Company has a budgeted normal monthly capacity of 5,000 labor hours with a standard production of 4,000 units at this capacity. Standard costs are:

Materials 2 kilos at P1.00 per kilo

Labor P 7.75 per hour

Factory overhead at normal capacity

Fixed expenses P 7,500.00

Variable expenses P 1.50 per hour

During May, 2021, actual factory overhead total P14,820 and 4,940 labor hours cost P37,050. Production during May was 3,800 units using 7,800 kilos of materials at a cost of P0.98 per kilo.

Requirements: Show computation/solution and final answer for the following:

2. Material price variance
4. Material usage variance
6. Labor rate variance
8. Labor efficiency variance
10. Total over- or under-applied factory overhead
12. Variable spending variance
14. Fixed spending variance
16. Variable efficiency variance
18. Volume variance