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
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
Chapter1: Financial Statements And Business Decisions
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