The OLX Company uses a standard cost system. The standard cost card for one of its products shows the following materials standards: Materials KilosX Std. Cost per Kilo = Amount A 4 P7 P28 B 1 4 4 C 5 2 10 Total material cost per unit P42

The standard 50-kilo mix cost per kilo is P0.84(P42/50 kilos). The standard mix should produce 40 kilos of finished product, and the standard cost of finished product per kilo is P1.05 (42/40 kilos). Materials of 250,000 kilos were used as follows:

Material A 115,000 kilos at P8 Material B 25,000 kilos at P3.50 Material C 110,000 kilos at P2.50 The output of the finished product was 195,000 kilos.

Compute the following:

1. Material price variance ___________________ 2. Material mix variance ___________________ 3. Material yield variance ___________________