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Jaguar Machines uses two rates to apply overhead to jobs. One rate is based on material cost, the other on machine time. The following data

Jaguar Machines uses two rates to apply overhead to jobs. One rate is based on material cost, the other on machine time. The following data relate to 2014.

Budget

Materials-relatedoverheadP 1,280,000

Machine-related overhead2,200,000

Cost of materials used onjobs3,200,000

Machine hours400,000

Data related to three jobs worked in June follow:

Job X2Job X3Job X4

MaterialsP42,000P164,000P 78,000

Directlabor32,00026,00036,000

Machinehours17,0009,0005,800

Actual materials related to overhead was P118,400 andactual machine related overhead was P185,600. The total amount of overhead variance is

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