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The following information relates to given department of Merry Company for the first year: Actual total factory overhead .............. P178,500 Budget Formula: Total factory ovehead
The following information relates to given department of Merry Company for the first year:
Actual total factory overhead .............. P178,500
Budget Formula:
Total factory ovehead cost = P110,000 + P.50/hr.
Predetermined factory overhead rate ...... P1.50 per hour
Spending Variance (using three way analysis) ............. P8,000 UF
Volume Variance (using two way analysis) ..... P5,000 F
Required: Calculate the standard hours allowed for good output and actual hours worked in this department.
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