Question 6 1 pts The U.R. Good Company produces a product using standard costs as follows: a. Standard cost per unit Materials 7 kilos at P 3.50 per kilo Labor 8 hours at P 1.75 per kilo P 1.15 per hour or p Fixed MOH 9.20 per unit P 0.85 per hour or Variable MOH 6.80 per unit b. Overhead is applied on direct labor hours c. Actual performance (1 month) Volume produced 800 Labor hours 6,300 Overhead P13,200 Material Cost 345 per kilo b. Overhead is applied on direct labor hours c. Actual performance (1 month) Volume produced 800 Labor hours 6,300 Overhead P13,200 Material Cost P 3.45 per kilo P 1.80 per hour Labor Cost Material Used 4,800 kilos The Material Price Variance is OP 240 Favorable OP 360 Favorable OP 2,800 Unfavorable OP 240 Unfavorable