Solution-What is the budget variance for January

What is the budget variance for January

Assignment Help Cost Accounting

Reference no: EM132777671

Question - Basti Company uses standard cost system and prepared the following budget at normal capacity for the month of January:

Direct Labor Hours 48,000

Variable Factory Overhead P96,000

Fixed factory Overhead P216,000

Total factory overhead per DLH P6.50

Actual data for January were as follows:

Direct labor hours worked 44,000

Total factory overhead P294,000

Standard DLH allowed for capacity attained 42,000

Using the two-way analysis of overhead variances, what is the budget (controllable) variance for January?

a. P6,000 favorable

b. P27,000 unfavorable

c. P18,000 favorable

d. 21,000 unfavorable

Reference no: EM132777671

Questions Cloud

About server virtualization and cloud computing : Read about server virtualization and cloud computing. Describe the organization's environment, and evaluate its preparedness for virtualization.

What is the over-allowance granted by BULLOCK : BULLOCK expects a 10 percent gross profit from the sale of used guns. What is the over-allowance granted by BULLOCK on the trade-in transaction

Discuss what each doctrine is by providing an example : Explain what each doctrine is by providing an example? our client, Joan, has asked about the differences between the constructive receipt doctrine

Discuss the benefits of virtualization software : Discuss the benefits of virtualization software, as described in the text. Do you agree/disagree with these benefits, or can you think of additional benefits

What is the budget variance for January : Standard DLH allowed for capacity attained 42,000. Using the two-way analysis of overhead variances, what is the budget (controllable) variance for January

Create a profile of target market and to discuss reason : Find and Create a profile of your target market and to discuss the reasons for choosing this market. Choose a product that you would like to introduce

Examine your own unintentional bias : Examine your own unintentional bias. What are the areas such as communication, behavior, or other areas of interaction where you may engage in unintentional bia

What is social location : What is social location and what factors contribute to an individual's social location.

Absolute and relative in terms of need : What is the difference between absolute and relative in terms of "need"?

User Account

All Pages

What is the budget variance for January

Reference no: EM132777671

Reference no: EM132777671

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT