Marissa Co., the consultant of Marisol Co. had summarized thefollowing standard cost data extracted from the historical records andperformance reports issued by the cost accounting department in theprior year to assist in her analysis and evaluation of the standardcosting policy of the company:Standard costStandardInputrequired perper unitcost per unitunitDirect6 kg per unitP90 per kgP540MaterialsDirect Labor5 hours perP50 per hourP250unitOther information follows:Budgeted factory overhead for the year:Variable480,000600,000FixedThe company's normal capacity per month is 400 unitsActual cost materials purchased for the year isP2,342,000During the year, direct materials purchased is 26,880kg while direct materials actually used is 24,760 kgsActual labor costs for the year 1,080,000 of which24,900 direct labor hours was consumedActual factory overhead amounted to 1,320,000, 65%of which is fixed cost, FOH is based on labor hoursActual production during the year 5,150 unitsRequired:2.Variable Overhead Efficiency Variance

Name: Marissa Co., the consultant of Marisol Co. had summarized thefollowin
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Marissa Co., the consultant of Marisol Co. had summarized thefollowing standard cost data extracted from the historical records andperformance reports issued by the cost accounting department in theprior year to assist in her analysis and evaluation