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PLEASE ANSWER ALL OF THIS QUESTION ASAP!! Gugma Corporation produced 350 units of product HRYA. To produce this, the company used 1,800 kilograms of plastic
PLEASE ANSWER ALL OF THIS QUESTION ASAP!!
Gugma Corporation produced 350 units of product HRYA. To produce this, the company used 1,800 kilograms of plastic which they bought at P12.75 per kilogram. On the other hand, the standard price per kilogram of plastic is set at P12.50. The production resulted to an unfavorable total direct material spending variance of P800. Using limited data, determine the following: 1. Direct material quantity variance = 2. Total standard kilograms allowed to produce the 350 units of product HRYA. = For requirement 1, Indicate whether the variance is favorable or unfavorable. Follow the format for your final answer: xX,xxxx.xx FAVORABLE or xx, XXX.Xx UNFAVORABLE. (For example, 20,050.00 FAVORABLE or 17,500.50 UNFAVORABLE). Round off final answers to two decimal places.)Step by Step Solution
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