## Question

# XYZ Company has the following data Budgeted Production 1,200 units Budgeted fixed overhead 120,000 direct labor standard per unit 1.5 hours @ P50 per direct

XYZ Company has the following data

Budgeted Production 1,200 units

Budgeted fixed overhead 120,000

direct labor standard per unit 1.5 hours @ P50 per direct labor hour

Direct Material Standard per unit0.5 kg @ 23 per kilo

Standard Variable overhead P30 per direct labor hour

Actual producton 1,150 units

Actual fixed overhead P121,000

Actual Direct labor 1,800 hours@ P90.00

Actual direct materials690 kg @ P15,525

Actual Variable overheadP55,800

Compute for the following:

1.) Compute the purchase Variance

2.) Compute material purchase variance

3.) Compute the material quantity variance

4.)Compute the fixed overhead value variance

5.) Calculate the total overhead variance

6.)Calculate Controlable variance

7.) Calculate the variable overhead spending variance

8.)Calculate the labor rate

## Step by Step Solution

There are 3 Steps involved in it

### Step: 1

Id be glad to assist you with calculating the variances for XYZ Company 1 Direct Material Purchase Price Variance Standard price per kg P23 Actual quantity purchased 690 kg assuming we have this infor...### Get Instant Access to Expert-Tailored Solutions

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### Step: 2

### Step: 3

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