44.)ABC Industries employs a standard cost system in which direct materials inventory is carried at standard cost. ABC has established the following standards for the prime costs of one unit of product. Standard Quality Standard Price Standard Cost Direct materials 6 pounds P4.00/pound P24.00 Direct labor 1.30 hours P14.00/hour 18.20 During April, ABC purchased 125,000 pounds of direct materials at a total cost of P475,000. The total factory wages for April were P436,800, 90% of which were for direct labor. ABC manufactured 22,000 units of product during April using 129,600 pounds of direct materials and 28,000 direct labor hours. ABC’s direct materials usage (quantity) variance for April is Group of answer choices P18,400 F P18,400 U P8,640 U P9,600 F P9,600 U P43,400 U P8,640 FP43,400 F
44.)ABC Industries employs a
Standard Quality Standard Price Standard Cost
Direct materials 6 pounds P4.00/pound P24.00
Direct labor 1.30 hours P14.00/hour 18.20
During April, ABC purchased 125,000 pounds of direct materials at a total cost of P475,000. The total factory wages for April were P436,800, 90% of which were for direct labor. ABC manufactured 22,000 units of product during April using 129,600 pounds of direct materials and 28,000 direct labor hours. ABC’s direct materials usage (quantity) variance for April is
Group of answer choices
P18,400 F
P18,400 U
P8,640 U
P9,600 F
P9,600 U
P43,400 U
P8,640 FP43,400 F
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