Martin Company, which applies overhead to production on the basis of machine hours, reported the following data
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Question:
Martin Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:
Actual units produced: 9,000
Actual variable overhead incurred: P54,400
Actual machine hours worked: 16,000
Standard variable overhead cost per machine hour: P3.50
9. If it takes two hours to manufacture a completed unit, the company's variable-overhead spending variance is?
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