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21. Angelyn Company had budgeted 50,000 units of output using 50,000 units of raw materials at a total material cost of P100,000. Actual output was 50,000 units of product, requiring 45,000 units of raw materials at a cost of P2.10 per unit. The direct material price variance and usage variance were Price Usage P4,500 unfavorable P10,000 favorable a. b. 5,000 favorable 5,000 unfavorable 10,000 favorable 10,500 unfavorable 10,500 favorable C. d. 4,500 unfavorable

21. Angelyn Company had budgeted 50,000 units of output using 50,000 units of raw materials at a total material cost of P100,000. Actual output was 50,000 units of product, requiring 45,000 units of raw materials at a cost of P2.10 per unit. The direct material price variance and usage variance were Price Usage P4,500 unfavorable P10,000 favorable a. b. 5,000 favorable 5,000 unfavorable 10,000 favorable 10,500 unfavorable 10,500 favorable C. d. 4,500 unfavorable

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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21. Angelyn Company had budgeted 50,000 units of output using 50,000 units of raw materials at a total material cost of P100,000. Actual output was 50,000 units of product, requiring 45,000 units of raw materials at a cost of P2.10 per unit. The direct material price variance and usage variance were Price Usage P4,500 unfavorable P10,000 favorable 5,000 favorable 5,000 unfavorable 10,000 favorable a. b. 10,500 unfavorable 10,500 favorable 4,500 unfavorable C. d.
Transcribed Image Text:21. Angelyn Company had budgeted 50,000 units of output using 50,000 units of raw materials at a total material cost of P100,000. Actual output was 50,000 units of product, requiring 45,000 units of raw materials at a cost of P2.10 per unit. The direct material price variance and usage variance were Price Usage P4,500 unfavorable P10,000 favorable 5,000 favorable 5,000 unfavorable 10,000 favorable a. b. 10,500 unfavorable 10,500 favorable 4,500 unfavorable C. d.
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