49. The actual output for the period was 22,000 units and variable overhead costs were in line with budget. The budgeted variable overhea cost per unit was P3 and total overhead expenditure of P108,000 meant that fixed overheads were P8,000 under budget. What was the budgete level of fixed overheads for the period? O a. P34,000 O b. P50,000 OC. P66,000 O d. P116,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Topic Video
Question
49. The actual output for the period was 22,000 units and variable
overhead costs were in line with budget. The budgeted variable overheac
cost per unit was P3 and total overhead expenditure of P108,000 meant
that fixed overheads were P8,000 under budget. What was the budgeted
level of fixed overheads for the period?
O a. P34,000
O b. P50,000
O c. P66,000
O d. P116,000
Transcribed Image Text:49. The actual output for the period was 22,000 units and variable overhead costs were in line with budget. The budgeted variable overheac cost per unit was P3 and total overhead expenditure of P108,000 meant that fixed overheads were P8,000 under budget. What was the budgeted level of fixed overheads for the period? O a. P34,000 O b. P50,000 O c. P66,000 O d. P116,000
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Performance measurements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education