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Hurray Corporation's flexible budget formula for total overhead is P360,000, plus 8 per direct labor hour. The combined overhead rate is 20 per direct

Hurray Corporation's flexible budget formula for total overhead is P360,000, plus 8 per direct labor hour. The combined overhead rate is 20 per direct labor hour. The following data have been recorded for 2020: Actual total overhead P580,000 Total overhead volume variance 12,000 UF Spending variance 24,000 UF

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