XYZ Company has the following data

Budgeted Production 1,200 units

Budgeted fixed overhead 120,000

direct labor standard per unit 1.5 hours @ P50 per direct labor hour

Direct Material Standard per unit0.5 kg @ 23 per kilo

Standard Variable overhead P30 per direct labor hour

Actual producton 1,150 units

Actual fixed overhead P121,000

Actual Direct labor 1,800 hours@ P90.00

Actual direct materials690 kg @ P15,525

Actual Variable overheadP55,800

Compute for the following:

1.) Compute the purchase Variance

2.) Compute material purchase variance

3.) Compute the material quantity variance

4.)Compute the fixed overhead value variance

5.) Calculate the total overhead variance

6.)Calculate Controlable variance

7.) Calculate the variable overhead spending variance

8.)Calculate the labor rate