MARIETTA Co. adopted a standard cost system several years ago. The standard costs for the prime costs of its single product follow: Material: 10 kg @ P4.50/kg Labor: 6 hours @ P8.50/hr P45.00 P51.00 The following operating data were taken from the records for November: Units completed Budgeted output 5,800 units 1030 Materials purchased Total actual labor costs Actual hours of labor Material usage variance Total material variance otal mat 6,000 units 60,000 kg P306,600 36,500 hours P2,250 unfavorable P450 unfavorable 1. Compute for the actual cost paid per kilogram 2. Compute for the Labor Efficiency Variance MARISSA Co., the consultant of MARISOL Co. had summarized the following standard cost data extracted from the historical records and performance reports issued by the cost accounting department in the prior year to assist in her analysis and evaluation of the standard costing policy of the company: Direct Materials Direct Labor Other information follows: Input required per unit 6 kg per unit 5 hours per unit Budgeted factory overhead for the year: Standard Cost per Standard cost per P540 P250 GRADED EXAM 480,000 600,000 The company's normal capacity per month is 400 units Actual cost materials purchased for the year is P2,342,000 During the year, direct materials purchased is 26,880 kg while direct materials actually used is 24,760 kgs Actual labor costs for the year 1,080,000 of which 24,900 direct labor hours was Actual factory overhead amounted to 1,320,000, 65% of which is fixed cost, FOH is based on labor hours Actual production during the year 5,150 units 1. Compute for Spending Variance 2. Compute for Variable Overhead Efficiency Variance 3. Compute for Controllable Variance