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Quiz Nc 2 9 10 Question 32 Not yet anoworod Marked out of 100 P Rag question Cutie Pie Company produces a single product. The standard cost for the product follows: Direct materials used in production 5,000 yards Direct materials purchased (6,000 yards) P 28,500 Direct labor costs incurred (2100 hours) P 17.850 Variable manufacturing overhead incurred P 10.080 17 18 25 26 33 34 41 42 49 50 During the recent period, the company produced 1.200 units of product Various costs associated with the production of these units are applied to products on the basis of direct labor hours. Other information are as follows: Direct materials (4 yards @ P5) P 20 Direct labor (1.5 hours @ PIO) P 15 Variable manufacturing overhead (1.5 hours @P4) P 6 Finish attor Time left 0:0 The company record all variances at the earliest time possible. The materials price variance for the period is Select one AP120F stv 22 MacBook Air 16 3 BO A 6 % 5 & 7 8 9 0 2 3 4 O P W T E R L G J J I F S D