22. Information on Sherina Co.'s direct material cost for May is as follows: 30,000 lbs. P84,000 3,000 Actual quantity of direct materials purchased and used Actual cost of direct materials...

Subject: Cost Accounting

Extracted text: 22. Information on Sherina Co.'s direct material cost for May is as follows: 30,000 lbs. P84,000 3,000 Actual quantity of direct materials purchased and used Actual cost of direct materials Unfavorable direct materials usage variance Standard quantity of direct materials allowed for May production 29,000 lbs. For the month of May, what was Sherina's direct materials price variance? a. P2,800 favorable b. 2,800 unfavorable c. P6,000 unfavorable d. 6,000 favorable