The denominator level for total manufacturing overhead per month in 2008 is 40,000 direct manufacturing labor hours. Boogie's flexible budget for January 2008 was based on this denominator level. The records for January indicated the following: Direct materials purchased Direct materials used Direct manufacturing labor Total actual manufacturing (variable and fixed) Actual Production Required: 25,000 lbs. at P5.20 per lb. 23,100 lbs. 40,100 hrs. at P14.000 per hr. P600,000 7,800 output units 1. Prepare a schedule of total standard manufacturing costs for 7,800 output units in January 2008. 2. For the month of January 2006, compute the following variances, indicating whether each is unfavorable or favorable; a. Direct materials price variance based on production. b. Direct materials efficiency variance. c. Direct manufacturing labor price variance. d. Direct manufacturing labor efficiency variance. e. Total manufacturing overhead spending variance. f. Variable manufacturing overhead efficiency variance. g. Output level (production volume) variance. III. The Boogie Company's job costing system has two direct cost categories - direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DLH). At the beginning, Boogie adopted the following standards for its manufacturing costs: Direct materials Direct manufacturing labor Manufacturing overhead: Variable Fixed Standard manufacturing cost per output unit Input 3 lbs. at P5.00 per lb. 5 hrs. at P15.00 per lb. P6.00 per DLH P8.00 per DLH Costs Output Unit P 15.00 75.00 30.00 40.00 P160.00