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.

Workbook and Study Guide in ACC312 Introduction to Management Accounting Activity 10 Study Unit 4: Standard Costing and Variance Analysis year: The following information relates to a given department of MERRY Company for the first Actual total factory overhead Budget formula: P178,500 Total factory overhead 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) P5,00OF Required: Calculate the standard hours allowed for good output and actual hours worked in this department