Panama Company prepared the following flexible overhead budget where PH is process hour. Identify the overhead cost per PH for indirect labor, maintenance. Also identify the overhead cost of 12,000 PH for supplies. Budgeted overhead cost Cost per PH 12,000 PH 15,000PH 18,000PH Indirect labor, maintenance (1) $ 6,000 $ 7,500 $ 9,000 Supplies $ 0.33 (2) 4,950 5,940 Multiple Choice Overhead cost per PH for indirect labor, maintenance: $0.50 Overhead cost of 12,000 PH for supplies: $3,960 Overhead cost per PH for indirect labor, maintenance: $2.00 Overhead cost of 12,000 PH for supplies: $6,000 Overhead cost per PH for indirect labor, maintenance: $0.50 Overhead cost of 12,000 PH for supplies: $6,000 Overhead cost per PH for indirect labor, maintenance: $2.00 Overhead cost of 12,000 PH for supplies: $3,960 None of the answers are correct

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