ToolTime has a standard of 1.5 pounds of materials per unit, at P4 per pound. In producing 2,000 units, ToolTime used 3,100 pounds of materials at a total cost of P12,090. 1. ToolTime’s total material...

ToolTime has a standard of 1.5 pounds of materials per unit, at P4 per pound. In producing 2,000 units, ToolTime used 3,100 pounds of materials at a total cost of P12,090.

1. ToolTime’s total material variance is

Group of answer choices

1. P300 F.


2. P90 U.


3. P310 U.


4. P400 U

2. ToolTime’s materials price variance is

Group of answer choices

1. P90 U.


2. P310 F.


3. P400 F.


4. P700 F

3. ToolTime’s materials quantity variance is

Group of answer choices

1. P90 F.


2. P310 U.


3. P400 U.


4. P700 U.