1. Concorde Industries provided the following information about its standard costing system for 2019:

Standard Data Actual Data

Labor 2 hrs. @ Php21 per hr. Produced 8,000 units

Budgeted fixed overhead Php100,000 Labor worked 15,000 hrs. costing Php300,000

Budgeted variable overhead Php30 per unit Actual overhead Php355,000

Budgeted production 10,000 units

Concord Industries applies fixed overhead at Php10 per unit produced.

Instructions

(a) Compute the total overhead variance.

^a(b) Compute the overhead controllable variance.

^a(c) Compute the overhead volume variance.