The production records of Know It All (KIA) Company for the month of June shows the following:

Total Manufacturing Cost Variance P3,840 U Price Variance 1,600 U

Total Material Cost Variance 440 U Total Labor Cost Variance 4,200 F

Rate variance 8,400 F

Other Data:

• The company paid P0.10 more than the standard price.
• Two pieces of materials are required per unit of product.
• An overabsorbed capacity of 200 units of product was noted when actual production was compared with the normal volume of 8,000 units.
• Payroll showed total labor cost of P168,000.
• Workers are usually paid at an average of P4.20, though the records showed that the company paid less than this during the month.
• Standard overhead rate amounts to P5 per direct labor hours, 40% of which is fixed.

Required:

2. Actual units produced in June.
4. Actual quantity of materials used for production.
6. Standard and actual price of materials per piece.
8. Total standard direct labor hours that should have been used for actual production.
10. Actual labor rate paid to factory workers during the month.
12. Actual factory overhead cost incurred in June.
14. The budgeted fixed overhead based on normal production.
16. 3 variance analysis for overhead.