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

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Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.