Midoriya Company provides the following production data: Total standard overhead cost per unit of product: 4 hours at P 3.00 per hour = P 12.00 per unit Budgeted fixed factory overhead P 20,000 Normal production 2,500 units Actual production 2,000 units Actual hours 7,500 hours Actual factory overhead incurred (75% fixed) P 26,000 Required: Determine the following the Variable FOH Variance and the Fixed FOH Variance.

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To determine the Variable Factory Overhead FOH Variance and the Fixed FOH Variance well need to foll... View the full answer