7. Using the three-variance approach, what is the volume variance?b. P 2,640 Fа. Р 13,260 Uc. P6,930 Ud. PO8. Using the two-variance approach, what is the controllable variance?b. P 16,480 Uа. Р21,650 U,с. Р 5,775 Ud. P 12,080 U9. Using the two-variance approach, what is the noncontrollable variance?a. P 26,040 Fb. Рос. Р6,930 Ud. P 13,260 U10. Using the one-variance approach, what is the total variance?a. P 19,010 U b. P 6,305 Uc. P 12,705 Ud. P 4,730 U STANDARD COSTING ASSIGNMENT ( SOLVE ONLY 1- 17)||1-10 Spots Inc. uses a standard cost system for its production process. Spots appliesoverhead based on direct labor hours. The following information is available for July:Standard:Actual:Direct labor hours per unitVariable overhead per hourFixed overhead per hour (based on 11,990 DLH) P3.002.20Units producedDirect labor hours4,4008,800P29,950P42,300P 2.50Variable overheadFixed overhead

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Description: 7. Using the three-variance approach, what is the volume variance?b. P 2,640 Fа. Р 13,260 Uc. P6,930 Ud. PO8. Using the two-variance approach, what is the controllable variance?b. P 16,480 Uа. Р21,650 U,с. Р 5,775 Ud. P 12,080 U9. Using the two-vari

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7. Using the three-variance approach, what is the volume variance? b. P 2,640 F а. Р 13,260 U c. P6,930 U d. PO 8. Using the two-variance approach, what is the controllable variance? a. P 21,650 U b. P 16,480 U с. Р 5,775 U d. P 12,080 U 9. Using the two-variance approach, what is the noncontrollable variance? b. РО a. P 26,040 F c. P 6,930 U d. P 13,260 U

7. Using the three-variance approach, what is the volume variance? b. P 2,640 F а. Р 13,260 U c. P6,930 U d. PO 8. Using the two-variance approach, what is the controllable variance? a. P 21,650 U b. P 16,480 U с. Р 5,775 U d. P 12,080 U 9. Using the two-variance approach, what is the noncontrollable variance? b. РО a. P 26,040 F c. P 6,930 U d. P 13,260 U

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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