A company set the total budgeted direct labor cost at P75,000 for the month for producing 5,000 units. The following standard cost, stated in terms of direct labor hours (DLH), was used to develop the budget for direct labor cost: 1.25 DLH x P12.00/DLH = P15.00/unit produced The actual operating results for the month were as follows: Actual units produced 5,200 Actual direct labor hours worked 6,600 Actual direct labor cost P77,220

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Given the following information, calculate the purchasing department's efficiency variance. Standard number of transaction per day Standard labor cost per day Actual number of days for processing transactions Actual number of transactions processed Actual labor cost per day Multiple choice question. $2,400 favorable $4,400 favorable $4,400 unfavorable $2,400 unfavorable 20 $200 120 1,960 $180

2 no Question Requirement: Compute the following: (i) Material price Purchase variance (ii) Material price usage variance (iii) Material Quantity variance (iv) Material total variance (v) Labor rate variance (vi) Labor efficiency variance (vii) Labor total variance (viii) Variable Spending variance. (ix) Variable Efficiency variance (x) Variable total variance