Fixed overhead was budgeted at P 500,000 and 25,000 direct labor hours were budgeted. IF FOH (Fixed Overhead) volume variance and FOH spending variance were P 15,000 (favorable) and P 16,000 (unfavorable), respectively, what is the FOH applied?

2- Segment X sells its product at SP of 300 per unit. Variable Cost to produce per unit is 120 per unit. Fixed cost is 100,000. X operates at full capacity. What is the minimum price that should be charged to another segment for each unit of product to be transferred?

Answer rating: 100% (QA)

To compute for the FOH Fixed Overhead applied we can use the following formula FOH Applied FOH Budge... View the full answer