120.XYZ Inc. presented the following data: Production units Manufacturing overhead Sales units Budgeted 50,000 P750,000 No data Actual 55,000 P800,000 47,000 There were no beginning inventories. How much is the under (over) applied overhead? A. P25,000 B. (P25,000) C. P75,000 D. (P75,000)

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A: Lease Amount of Year 6 = a = $1596 millionTime = t = 6 YearsDiscount Rate = r = 6%

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Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.