Solution-Compute the standard factory overhead rate

Compute the standard factory overhead rate

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Reference no: EM132793675

Problem - Gigil Company has asked you to reconstruct their record after a fire. You were given the following variances: Favorable Spending variance, P400,000; Unfavorable Variable efficiency variance, P200,000; Favorable Volume variance, P40,000. Total fixed overhead is P200,000 at normal capacity. The company's standard variable overhead is P40 per direct labor hour. In the given period, the company incurred a total overhead cost of P2,400,000. Compute the standard factory overhead rate.

Reference no: EM132793675

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Compute the standard factory overhead rate : In the given period, the company incurred a total overhead cost of P2,400,000. Compute the standard factory overhead rate

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Compute the standard factory overhead rate

Reference no: EM132793675

Reference no: EM132793675

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