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Variety Manufacturing Corporation produces three products made of stainless steel: plates, spoon and forks, and knives. Joint costs for July 2019 total P500,000. Other information are shown below: Units Costs After Ultimate Market Value Split-OM Plates 3,000 P100,000 P300,000 Spoon and fork 4,000 150,000 550.000 Knives 3,000 250,000 450,000 Using the average unit cost method of joint costs allocation determine the total cost of producing products Plates, Spoon and fork, and Knives, respectively, O P250,000: P350,000; and P400,000 O P275.000 P400,000 and P450,000 P225.000; P400,000; and P375.000 P200,000; P300,000; and P500,000 The standard cost of one unit of product includes 2 hours of direct labor at P15.00 per hour. The company's labor rate variance was P275, favorable. The efficiency variance was P105, unfavorable. Three hundred and eighty units were produced. What were the actual labor hours? O 760 0767 O 753 0774