Solution-How many kilograms were purchased

How many kilograms were purchased

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Q1. A quantity of a particular raw material was purchased for P43,250. The standard cost of the material was P2.00 per kilogram and there was an unfavorable materials price variance of P3,250. How many kilograms were purchased?

a. 20,000

b. 21,625

c. 23,250

d. 24,875

Q2. The following information relates to ARA Company for the 4th quarter of the current year: Actual Factory overhead, P178,500; FOH rate, P1.50; Budgeted fixed overhead, P110,000; Standard variable overhead rate, P0.50; Spending variance, P8,000 unfavorable; Volume variance, P5,000 favorable. What were the standard hours allowed for good output during the quarter?

a. 105,000

b. 106,667

c. 110,000

d. 115,000

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How many kilograms were purchased

Reference no: EM133092420

Reference no: EM133092420

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