Item 1 is based on the following information: E. Bernardo Corporation produces a product called "Earnest". It uses a standard costing system and values its stocks at standard cost. The standard cost of raw materials in product Earnest is: 4 kilos of material Y at P10 per kilo = P40 per unit of Earnest During May, the company purchased 14,200 kilos of Y at a cost of P170,400 or P12 per kilo. It produced 3,000 units of Earnest using 12,600 kilos of Y 1. What was the raw materials price variance for Material Y? 2. Information on Chiong Company's materials costs for October 200A is as follows: Actual cost of direct materials P126,000 Actual quantity of direct materials purchased and used 45,000 pieces Standard quantity of direct materials allowed for October production 43,500 pieces Direct materials efficiency variance P4,500 unfavorable For the month of October, what was Chiong's direct materials spending variance? Items 3 and 4 are based on the following information : Meemon Company installs pre-fabricated stairs on residential houses. The standard materials cost for a low-cost house is based on 2 units at a cost of P7,500 each. During May, Meemon Company installed stairs on 30 low-cost housing using 62 units at a cost of P7,450 or P461,900. 3. Meemon Company's materials price variance is 4. Meemon Company's materials usage variance is Delilah Company produces "one -size -fits -all" rubber gloves and uses standard costing to account for its costs. Each unit (a pair) of finished product contains 0.50 meters of direct material. However, a 20% direct material spoilage calculated on input quantities occurs during the production process. The cost of direct materials is P10 per meter. How much is the standard direct materials cost per unit of the finished product? Items 6 to 8 are based on the following information: Samson Company uses a standard costing system in the production of its only product . The 84,000 units of raw materials inventory were purchased for P126,000 and 4 units of raw materials are required to produce one unit of final product. In October, the company produced 14,400 units of product. The standard cost allowed for materials was P72,000, and there was an unfavorable usage variance of P3,000 6. Samson Company's standard price for one unit of materials is _ 7. The units of materials used to produce the October output totaled 8. The materials price variance for the units used in October was _. Items 9 and 10 are based on the following information: A manufacturer of portable DVD players buys components from subcontractors for assembly into complete DVD players. Each player requires 6 units of Part A, which has a standard cost of P100 per unit During May, the company's records showed the following with respect to Part A: Purchases 15,000 units