Question: The following standards for variable overhead have been established for Mabuhay Company that makes only one product: Standard hours per unit of output 6.70 hours

The following standards for variable overhead have been established for Mabuhay Company that makes only one product:

Standard hours per unit of output 6.70 hours

Standard variable overhead rate P 13.50 per hour

The following data pertain to operations for the last month:

Actual hours 9,600 hours

Actual total variable overhead cost P 125,220.00

Actual output 1,420 units

REQUIRED:

Compute for the following:

(a) variable manufacturing overhead rate variance =

(b) variable manufacturing overhead efficiency variance =

(c) variable manufacturing overhead spending variance. =

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