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Problem 2 (Direct Materials Variances): Bulacan Corporation, a manufacturer of portable radios purchases the components...

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Problem 2 (Direct Materials Variances): Bulacan Corporation, a manufacturer of portable radios purchases the components from subcontractors to be used in the assembly of the radios. Each radio requires three units of a transistor, which has a standard cost of P1.45 per unit. During the month of May, Bulacan experienced the following with respect to part X. Units Purchases (P18,000 in total) 12,000 Used in manufacturing 10,000 Radios Manufactured 3,000 Required: Compute for the Material Price Variance. Material Usage Variance, and Total Material Variance. Problem 3 (Direct Materials Variances): Tanay Corporation planned to produce 3,000 units of its single product, Titanium, during November. The standard specification for one unit of Titanium includes 6 pounds of materials at P.30 per pound. Actual production in November was 3.100 units of Titanium. The accountant computed a favorable materials purchase price variance of P380 and an unfavorable materials quantity variance of P120. Assume that all materials purchased were used in the production. Required: 1. How many units was actually purchased and used? 2. How much was the actual purchase price of the material

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