The standard unit cost of NoRome Company is given as below: Direct materials: 4 lbs. @...

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The standard unit cost of NoRome Company is given as below: Direct materials: 4 lbs. @ P4.00 16.00 24.00 Direct labor: 3 hrs. @ P8.00 Variable overhead: 3 hrs. @P2.00 6.00 Fixed overhead 3 hrs. @ P3.00 9.00 15.00 Total standard unit cost 55.00 The company has a normal capacity of 135,000 units and a budgeted capacity of 132,000 units. Actual data taken from the production records in the month of September 2021 are: Actual production 130,000 units Materials purchases (580,000 lbs @ P3.90) 2,262,000.00 Materials used Payroll incurred (380,000 lbs @ 8.15) 3,097,000.00 Factory overhead: Variable 800,000.00 Fixed 1,250,000.00 525,000 lbs The standard unit cost of NoRome Company is given as below: Direct materials: 4 lbs. @ P4.00 16.00 24.00 Direct labor: 3 hrs. @ P8.00 Variable overhead: 3 hrs. @P2.00 6.00 Fixed overhead 3 hrs. @ P3.00 9.00 15.00 Total standard unit cost 55.00 The company has a normal capacity of 135,000 units and a budgeted capacity of 132,000 units. Actual data taken from the production records in the month of September 2021 are: Actual production 130,000 units Materials purchases (580,000 lbs @ P3.90) 2,262,000.00 Materials used Payroll incurred (380,000 lbs @ 8.15) 3,097,000.00 Factory overhead: Variable 800,000.00 Fixed 1,250,000.00 525,000 lbs

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Currency is P 1 Direct Material Price Variance 58000 F 20000 U Direct Material Quantity Variance Tot... View the full answer