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solutions in excel format pls The U.R. Good Company produces a product using standard costs as follows: a. Standard cost per unit Materials 7 kilos

solutions in excel format pls
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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 Fixed MOH 8 hours at P 1.75 per kilo P 1.15 per hour or P 9.20 per unit P 0.85 per hour or P 6.80 per unit Variable MOH 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 Labor Cost P 3.45 per kilo P 1.80 per hour 4,800 kilos Material Used The Material Quantity Variance is The Material Quantity Variance is OP 250 Unfavorable OP 2,800 Favorable OP 240 Favorable OP 200 Favorable

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