G Company has asked you to reconstruct their record after a fire. You were given the following
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Question:
G Company has asked you to reconstruct their record after a fire. You were given the following
variances:
-Favorable Spending variance, P400,OOO
-Unfavorable Variable efficiency variance P200,OOO
-Favorable Volume variance, P40,OOO
-Total fixed overhead is P200,OOO at normal capacity.
The company's standard variable overhead is P40 per direct labor hour. In the given period, the company incurred a total overhead cost of P2,400,000. Compute for the standard factory overhead rate.
Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
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