The Cobalt Company needs you to compute for the missing items using the following information: Using...

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The Cobalt Company needs you to compute for the missing items using the following information: Using a 2-way variance method: the standard Factory overhead is P7,500, Controllable variance of P500 favorable and total factory overhead variance of P500 unfavorable 10. What is the actual factory overhead? 11. What is the budgeted overhead based on standard hours? 12. What is the volume variance? The same company using a 3-way variance method with the following information given: Standard factory overhead Spending variance Volume variance P9,800 P1,000 Favorable P500 Unfavorable Variable efficiency variance P200 Unfavorable 13. Compute for the budgeted Overhead based on Standard hours 14. Compute for the budgeted Overhead based on Actual hours 15. Compute for the Actual Factory Overhead 16. Compute for the total factory overhead variance The same company using 4-way variance method with the following given information: Standard factory overhead Efficiency variance Variable spending variance Actual fixed overhead Standard hours allowed Normal capacity 17. What is the Actual factory overhead? 18. What is the Volume variance? 19. What is the fixed spending variance? 20. What is the actual hours worked? P10 (40% of which is fixed) P200 favorable P1,400 unfavorable P6,500 1,800 hours 2,000 hours 21. What is the total factory overhead cost variance? The Cobalt Company needs you to compute for the missing items using the following information: Using a 2-way variance method: the standard Factory overhead is P7,500, Controllable variance of P500 favorable and total factory overhead variance of P500 unfavorable 10. What is the actual factory overhead? 11. What is the budgeted overhead based on standard hours? 12. What is the volume variance? The same company using a 3-way variance method with the following information given: Standard factory overhead Spending variance Volume variance P9,800 P1,000 Favorable P500 Unfavorable Variable efficiency variance P200 Unfavorable 13. Compute for the budgeted Overhead based on Standard hours 14. Compute for the budgeted Overhead based on Actual hours 15. Compute for the Actual Factory Overhead 16. Compute for the total factory overhead variance The same company using 4-way variance method with the following given information: Standard factory overhead Efficiency variance Variable spending variance Actual fixed overhead Standard hours allowed Normal capacity 17. What is the Actual factory overhead? 18. What is the Volume variance? 19. What is the fixed spending variance? 20. What is the actual hours worked? P10 (40% of which is fixed) P200 favorable P1,400 unfavorable P6,500 1,800 hours 2,000 hours 21. What is the total factory overhead cost variance?

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