3. What is the total spending variance? a. P4,000 unfavorable b. P3,000 unfavorable c. P4,000 favorable d. P7,000 favorable
3. What is the total spending variance? a. P4,000 unfavorable b. P3,000 unfavorable c. P4,000 favorable d. P7,000 favorable
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 4EB: Cozy, Inc., manufactures small and large blankets. It estimates $950,000 in overhead during the...
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Answer #3 only
![3. What is the total spending variance?
a. P4,000 unfavorable
b. P3,000 unfavorable
c. P4,000 favorable
d. P7,000 favorable
4. What is the total production variance?
a. P4,000 unfavorable
b. P3,000 unfavorable
c. P3,000 favorable
d. P7,000 favorable](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdac53ad3-84ba-4a96-91e6-ae7989e91543%2F6fe27462-d7c7-4b92-9b3f-84c1ce230d6f%2Favtp549_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. What is the total spending variance?
a. P4,000 unfavorable
b. P3,000 unfavorable
c. P4,000 favorable
d. P7,000 favorable
4. What is the total production variance?
a. P4,000 unfavorable
b. P3,000 unfavorable
c. P3,000 favorable
d. P7,000 favorable
![Boone Manufacturing had worked on two jobs, Job 101 and Job 102 last year. The
estimated manufacturing overhead for last year was P 30,000 (fixed) and P5.00 por
direct labor hour (variable) and estimated 2,000 direct labor hours. The factory
overhead control account has a balance of P 37,000. Actual hours used for Job 10
was 1,200 and for Job 102 was 1,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdac53ad3-84ba-4a96-91e6-ae7989e91543%2F6fe27462-d7c7-4b92-9b3f-84c1ce230d6f%2F432ent_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Boone Manufacturing had worked on two jobs, Job 101 and Job 102 last year. The
estimated manufacturing overhead for last year was P 30,000 (fixed) and P5.00 por
direct labor hour (variable) and estimated 2,000 direct labor hours. The factory
overhead control account has a balance of P 37,000. Actual hours used for Job 10
was 1,200 and for Job 102 was 1,000.
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