Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Items 48 to 50 are based on the following information LJ Company has the following information for the third quarter of 2018: Actual total overhead
Items 48 to 50 are based on the following information LJ Company has the following information for the third quarter of 2018: Actual total overhead (fixed plus variable) Php374,850 Budget formula Php231,000 plus Php1.20 per hour Spending variance (3-way analysis) Php16,800 unfavorable Volume variance (2-way analysis) Php10,500 favorable Over-all factory overhead variance Php12,600 unfavorable 48. Determine the efficiency variance. A. Php6,300 F B. Php6,300 UF C. Php18,900 F Php 18,900 UF D. 49. Determine the actual hours worked during the 3rd quarter. A. 127,050 hours C. 87,150 hours B. 143,850 hours D. 105,875 hours 50. Determine the standard hours needed for the 3rd quarter. A. 100,625 hours C. 133,350 hours B. 111,125 hours D. 120,750 hours
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started