The following information was provided to you by Charice Standard Company: Actual quantity of materials used Standard price per unit of material Material price variance at the point of Total material...

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Extracted text: The following information was provided to you by Charice Standard Company: Actual quantity of materials used Standard price per unit of material Material price variance at the point of Total material variance 1,800 units P5.70 P1,260.00 F P2,400.00 F usage Standard rate of labor per hour Labor efficiency variance Total labor variance P16.00 P16,000.00 F P64,000.00 U 41,000 hours P52,000.00 P37,000.00 Total standard labor hours Actual variable overhead Actual fixed overhead Actual hours related to variable costs 600 hours Standard hours related to fixed overhead 650 hours Budgeted fixed overhead Total spending variance Total overhead efficiency variance Volume variance P35,000.00 P6,000.00 U P4,000.00 F P2,500.00 U Compute for the following: 19. Actual price of materials per unit 20. Standard quantity of materials used 21. Material quantity variance 22. Actual labor rate per hour 23. Actual labor hours utilized 24. Labor rate variance 25 Standard wariahla ouarhegd rato