Reference no: EM132686029
A manufacturing company has a standard costing system based on direct labor hours (DLHs) as the measure of activity . data from the company's flexible budget for manufacturing overhead are given below :
Denominator level of activity 3,700 DLHs
Overhead costs at the denominator activity level:
Variable overhead cost P28,490
Fixed overhead cost P47,545
The following data pertain to operations for the most recent period:
Actual hours 3,900 DLHs
Standard hours allowed for the actual output 3,850 DLHs
Actual total variable overhead cost P29,445
Actual total fixed overhead cost P47,995
Question 1: What is the predetermined overhead rate to the nearest cent?
Question 2: How much overhead was applied to products during the period to the nearest peso?
Question 3: What was the variable overhead spending variance for the period to the nearest peso?
Question 4: What was the variable overhead efficiency variance for the period to the nearest peso?
Question 5: What was the fixed overhead budget variance for the period to the nearest peso?
Question 6: What was the fixed overhead volume variance for the period to the nearest peso?
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