116 Frames, Inc. evaluates factory overhead by using variance analysis. The following information applies for May Actual Budgeted 19.000 20,000 P2/hr P20,000 0.1 hr/frame Number of frames manufactured Variable overhead P4,100 P22,000 2,100 Faxed overhead Direct labor hours What is the fixed overhead spending variance? A P1,000 8810001 P2.000 F

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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116 Frames, Inc. evaluates factory overhead by using variance analysis. The following information applies for May
Actual
Budgeted
Number of frames manufactured
Variable overhead
Faxed overhead
Direct labor hours
19.000
P4,100
P22,000
2,100
What is the fixed overhead spending variance?
A P1,000 F
B. P1,000 U
20,000
P2/hr
P20,000
0.1 hr/frame
C. P2,000 F
D. P2,000 U
Transcribed Image Text:116 Frames, Inc. evaluates factory overhead by using variance analysis. The following information applies for May Actual Budgeted Number of frames manufactured Variable overhead Faxed overhead Direct labor hours 19.000 P4,100 P22,000 2,100 What is the fixed overhead spending variance? A P1,000 F B. P1,000 U 20,000 P2/hr P20,000 0.1 hr/frame C. P2,000 F D. P2,000 U
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