Solve all parts with notes and reasons, Thank you..

I.

Dupol Company uses a standard cost system.

Direct materials statistics for the month of May,

are summarized below:

Standard unit price P90.00

Actual units purchased 40,000

Standard units allowed for actual production 36,250

Materials price variance-favorable P6,000

What was the actual purchase price per unit?

a. P85.89

b. P75.00

c. P89.85

d. P88.50

II.

Galang Camera Shop has prepared the following flexible budget for September and is in the

process of interpreting the variances.

Flexible Variances

Budget Price Efficiency

Material A P20,000 P1,000U P1,200F

Material B 30,000 500F 800U

Material C 40,000 1,400U 1,000F

What is the actual amount spent for Material A?

a. P20,200

b. P18,800

c. P21,000

d. P19,800

III. The out movement of resources for get an asset that will benefit the business for more than one accounting period is implied as:

(a) Miscellaneous Expenditure;

(b) Revenue Expenditure;

(c) Capital Expenditure;

(d) Deferred Revenue Expenditure.

IV. Goods are dispatched off the Branch at cost notwithstanding 25%. The stacking on receipt cost is:

(a) 20%;

(b) 25%;

(c) 30%;

(d) None of the previously mentioned.

V. Actuarial valuation relates to:

(a) Banking association;

(b) Electric Supply Company;

(c) Insurance Company;

(d) None of the previously mentioned.

VI. Survey expenses for marine security assurance ought to be

(a) Added to ensure;

(b) Added to legal charges;

(c) Added to administrative charges;

(d) None of the previously mentioned.

VII. A advantage on unique of furniture of a club will be taken to

(a) Cash Account;

(b) Receipts and Payment Account;

(c) Income and Expenditure Account;

(d) Profit and Loss Account.

VIII. Realisation Account is a:

(a) Representative Personal Account;

(b) Artificial Personal Account;

(c) Real Account;

(d) Nominal Account.

IX. Bank shows the course of action for yearly appraisal under the head

(a) Contingency Accounts;

(b) Other liabilities and courses of action;

(c) Contingent liabilities;

(d) Borrowings.

X. Bank Reconciliation Statement is:

(a) Ledger Account

(b) Part of cash book

(c) A separate enunciation

(d) A helper of Journal

XI. Income and Expenditure A/c shows enrollments '10,000;

Subscriptions collected in the beginning of the year and toward the year's end were '1,000 and '1,500 exclusively.

The figure of participation got appear in receipts and portions record will be:

(a) 9,500

(b) 10,000

(c) 10,500

(d) 12,000