MILKTI uses standard cost system for its production of milk tea. Milk tea is produced by mixing up the following major ingredients: milk, tea and sugar syrup. All ingredients are inventoried per liter (for ease of accounting). Milk tea are sold per cup, and to produce one cup of milk tea needs 500ml.

Materials standards and costs for the production of one output are:

Ingredients	Liters	Cost per liter (Php)	Amount
Milk	0.40	60.00	24.00
Tea	0.05	100.00	5.00
Sugar syrup	0.05	50.00	2.50
Total Input	0.500		31.50
Output	0.500

The monthly factory overhead budget for a normal capacity level of 2,500 direct labor hours is as follows:

Variable Overhead P 22,500

Fixed Overhead 40,000

Total P 61,500

To convert 0.50 of ingredients into 0.50 of output requires 0.20 direct labor hours at P65.00 per direct labor hour. Factory overhead is applied on a direct labor hour basis.

Actual data for the month of September follows:

The company has been able to produce 20,000 cups of milk tea, with cost as follows:

Direct Labor 2,550 hours at P150,000

Variable Overhead 24,000

Fixed Overhead 40,000

	Materials Purchased
	Quantity (liters)	Cost / Kg
Milk	12,000	P 60.00
Tea	1,500	P 108.00
Sugar	1,500	P 45.00

No inventories of work in process at the beginning of the month existed. No beginning inventory of materials as well because the company practices Just in Time principle. The amount purchased is the amount to be used in making milk tea.

Format in answering: number space letter (capital letter), maximum 2 decimal places, see example: -3,000.25 F or 1521.50 U

Required:
Material Yield Variance
Labor Rate Variance
Labor Efficiency Variance
FOH Production Volume Variance
FOH Flexible Budget Variance