Omega Company has established the following standards for one unit of FHL crown (stainless edition) Input...

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Omega Company has established the following standards for one unit of FHL crown (stainless edition) Input Direct materials Direct labor Standard 6 metal bars at P4 per bar 2 hours at P10 per hour At the start of the month, the budget includes a planned production of 1,000 units of crown based on normal capacity. At the end of the month, 1200 crowns were produced which resulted to using 8,000 bars of metal purchased at a cost of P4.20 per bar. During the month, the payroll of P21,600 were paid for 1,600 direct labor hours. Omega Company has established the following standards for one unit of FHL crown (stainless edition) Input Direct materials Direct labor Standard 6 metal bars at P4 per bar 2 hours at P10 per hour At the start of the month, the budget includes a planned production of 1,000 units of crown based on normal capacity. At the end of the month, 1200 crowns were produced which resulted to using 8,000 bars of metal purchased at a cost of P4.20 per bar. During the month, the payroll of P21,600 were paid for 1,600 direct labor hours.