The following are the data of a manufacturing company standard price per yard of product P 6 00 Standard quantity per product 3 5 yds Standard rate per direct labor hour P 18 00 Standard hours per product 2 hours Predetermined OH rate of P4 based on DLH Number of products completed 5,000 units Cost of materials purchased (20,000 yds P5 40) P108,000 Yards of materials used 20,000 yds Cost of direct labor (10,500 hrs P20) P210,000 Variable overhead costs incurred P40,950 Required Standard costs u DM, DL and VOH Total standard cost per unit Material price and quantity variance Labor rate and efficiency variance Overhead spending and efficiency variance A The following are the data of a manufacturing company standard price per yard of product P 6 00 Standard quantity per product 3 5 yds Standard rate per direct labor hour P 18 00 Standard hours per product 2 hours Predetermined OH rate of P4 based on DLH Number of products completed 5,000 units Cost of materials purchased (20,000 yds P5 40) P108,000 Yards of materials used 20,000 yds Cost of direct labor (10,500 hrs P20) P210,000 Variable overhead costs incurred P40,950 Required 1 Standard costs u DM, DL and VOH 2 Total standard cost per unit Material price and quantity variance 4 Labor rate and efficiency variance 5 Overhead spending and efficiency varlance

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The following are the data of a manufacturing company: standard price per yard of product P 6.00 Standard quantity per product 3.5 yds. Standard rate

The following are the data of a manufacturing company:

standard price per yard of product P 6.00

Standard quantity per product 3.5 yds.

Standard rate per direct labor hour P 18.00

Standard hours per product 2 hours

Predetermined OH rate of P4 based on DLH

Number of products completed 5,000 units

Cost of materials purchased

(20,000 yds. @ P5.40) P108,000

Yards of materials used 20,000 yds.

Cost of direct labor (10,500 hrs @ P20) P210,000

Variable overhead costs incurred P40,950

Required:

Standard costs/u - DM, DL and VOH
Total standard cost per unit
Material price and quantity variance
Labor rate and efficiency variance
Overhead spending and efficiency variance

A. The following are the data of a manufacturing company: standard price per yard of product P 6.00 Standard quantity per product 3.5 yds. Standard rate per direct labor hour P 18.00 Standard hours per product 2 hours Predetermined OH rate of P4 based on DLH Number of products completed 5,000 units Cost of materials purchased (20,000 yds. @ P5.40) P108,000 Yards of materials used 20,000 yds. Cost of direct labor (10,500 hrs @ P20) P210,000 Variable overhead costs incurred P40,950 Required: 1. Standard costs/u - DM, DL and VOH 2. Total standard cost per unit Material price and quantity variance 4. Labor rate and efficiency variance 5. Overhead spending and efficiency varlance