25. Angiela uses a standard costing system in the manufacture of its single product. The 35,000 units of raw material in inventory were purchased for P105,000, and two units of raw material are required to produce one unit of final product. In November, the company produced 12,000 units of product. The standard allowed for material was P60,000 and there was an unfavorable quantity variance of P2,500. Compute for the (1) standard price per one unit of material, and (2) the units of material used to produce November output: a. (1) P3.00; (2) 24,000 units b. (1) P2.50; (2) 25,000 units c. (1) 2.50; (2) 23,000 units d. (1)5.00; (2) 25,000 units

25. Angiela uses a standard costing system in the manufacture of its single product. The 35,000 units of raw material in inventory were purchased for P105,000, and two units of raw material are required to produce one unit of final product. In November, the company produced 12,000 units of product. The standard allowed for material was P60,000 and there was an unfavorable quantity variance of P2,500. Compute for the (1) standard price per one unit of material, and (2) the units of material used to produce November output: a. (1) P3.00; (2) 24,000 units b. (1) P2.50; (2) 25,000 units c. (1) 2.50; (2) 23,000 units d. (1)5.00; (2) 25,000 units

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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