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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
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 Step by Step Solution
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