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ps. pls indicate the formula thanks in advance. Godbless Cars Exec Company uses a standard cost system for its production process and applies overhead based
ps. pls indicate the formula thanks in advance. Godbless
Cars Exec Company uses a standard cost system for its production process and applies overhead based on direct labor hours. The following information is available for May when Cars Exec produced 4,500 Standard: DLH per unit 2.50 Variable overhead per DLH P1.75 Fixed overhead per DLH P3.10 Budgeted variable overhead P21,875 Budgeted fixed overhead P38,750 Actual: Direct labor hours Variable overhead Fixed overhead 10,000 P26.250 P38.000 Using the two-variance approach, what is the controllable variance? Select one: a. P5,812.50 U b. P4,375.00 F c. P5,812.50 F d. P4,375.00 U XYZ Company has the following data: Budgeted Production 1,200 units Budgeted fixed overhead P120,000 Direct labor standard per unit 1.5 hours @ P50 per direct labor hour Direct material standard per unit 0.5 kg @ P23 per kilo Standard variable overhead P30 per direct labor hour Actual production 1,150 units Actual fixed overhead P121,000 Actual direct labor 1,800 hours @ P90,000 Actual direct materials 690 kg @ P15,525 Actual variable overhead P55,800 Calculate the fixed overhead spending variance. Do not use a comma in your answer. unfavorable XYZ Company has the following data: Budgeted Production 1,200 units Budgeted fixed overhead P120,000 Direct labor standard per unit 1.5 hours @ P50 per direct labor hour Direct material standard per unit 0.5 kg @ P23 per kilo Standard variable overhead P30 per direct labor hour Actual production 1,150 units Actual fixed overhead P121,000 Actual direct labor 1,800 hours @ P90,000 Actual direct materials 690 kg @ P15,525 Actual variable overhead P55,800 Calculate the total overhead variance. Do not use a comma in your answer. favorable XYZ Company has the following data: Budgeted Production 1,200 units Budgeted fixed overhead P120,000 Direct labor standard per unit 1.5 hours @ P50 per direct labor hour Direct material standard per unit 0.5 kg @ P23 per kilo Standard variable overhead P30 per direct labor hour Actual production 1,150 units Actual fixed overhead P121,000 Actual direct labor 1,800 hours @ P90,000 Actual direct materials 690 kg @ P15,525 Actual variable overhead P55,800 Calculate the fixed overhead volume variance favorableStep by Step Solution
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