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Determine the volume variance for january

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Question - Information on Wood Company's overhead costs for the January production activity is as follows:

Budgeted fixed overhead P75,000

Standard fixed overhead rate per DLH P3

Standard variable overhead rate per DLH P6

Standard DLH allowed for actual production 24,000

Actual total overhead incurred P220,000

Wood Company has a standard absorption and flexible budgeting system, and uses the two-variance method (two-way analysis ) for overhead variances. Determine the volume (denominator) variance for January?

Reference no: EM132565086

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