Slaydangal Company uses standard costing for the single product it makes and sells. The following data are for the month of May: Standard cost per pound of material P5 Standard cost per direct labor hour P10 Standard number of direct labor hour per unit 3 of product Actual cost of direct materials purchased and P49,500 used 4,000 Actual direct labor hours hours Material price variance P4,500 U P10,500 Total materials variance U Labor efficiency variance P1,000 U Total labor variance P3,000 F Based on the information above, answer the following: 1. How many units were produced during May? 2. The standard quantity of material allowed (in pounds) to produce one unit of product was