Problem 5 (Direct Materials and Direct Labor Variance): The following were taken from the standard cost card of Palawan Corporation: Particular Standard Cost Standard Quantity per unit 4 kilos 5 hours Direct Materials Direct Labor P 2.00/kilo P 4.00/hour The actual result of operation for the recent year includes the following information: Direct materials were purchased at P28,750 resulting to a price variance of P5,750 unfavorable while total direct materials variance amounted to P4,750 unfavorable. Direct labor efficiency variance is P6,000 unfavorable while rate variance is P4,125 unfavorable. Required: 1. How many units were produced during the period? 2. How many kilos of direct materials were actually purchased and used? 3. How much is the actual purchase price per kilo of direct materials? 4. How many direct labor hours were actually utilized during the period? 5. How much is the actual rate per hour of direct labor