2. Compute the fixed manu overhead price (spending) variance.

The following data were taken from the books of X co. during the month of December: (in peso) a. Produced and sold 50,000 plastic round containers at a sales price of p10 each. (Budgeted sales were 45,000 units ar Php10.15) b. Standard variable cost per unit: DM (2 lbs. at php1) DL (.10 hours at php15 Variable Manu Overhead (.10 hours at Php5) 2 1.5 0.5 4 per unit c. Fixed manu overhead cost monthly budget 80,000 d. Actual production costs DM purchased (200,000 pounds at PHP1.20) 240,000.00 DM used (110,000 pounds at Php1.20) 132,000.00 DL (6,000 hours at Php14 84,000.00 Variable Overhead 28,000.00 Fixed Overhead 83,000.00