6 – 11 Franklin Glass Works' production budget for the year ended November 30, 2020 was.based on 200,000 units . Each unit requires 2 standard hours of labor for completion. Totaloverhead was. budgeted at P 900,000 for the year , and the fixed overhead rate was estimatedto be P 3.00 per unit. Both the fixed and variable overhead are assigned to the product on thebasis of direct labor hours . Moreover. Franklin analyzes overhead variances on a four waybasis . The actual data for the year ended November 30, 2020 are presented below:Actual production in unitsActual direct labor hours198,000440,000P 352.000P 575.000Actual variable overheadActual fixed overhead 9. Franklin's fixed overhead spending variance forthe year wasа. Р 19,000 Fс. Р 5,750Fb. P 25,000 Fd. P 19,000 U10. The fixed overhead applied to Franklin's production for the year wasb. Р 575,000c. P 594,000 d. P 600,000a. P 484,20011. Franklin's fixed overhead volume variance for the year wasa. P 6,000 U b. P 19,000 E C. P 25,000 F d. P 55,00

Name: 6 – 11 Franklin Glass Works' production budget for the year ended Nov
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Description: 6 – 11 Franklin Glass Works' production budget for the year ended November 30, 2020 was.based on 200,000 units . Each unit requires 2 standard hours of labor for completion. Totaloverhead was. budgeted at P 900,000 for the year , and the fixed overh

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a. P 19,000 F b. P 25,000 F c. P 5,750F d. P 19,000 U 10. The fixed overhead applied to Franklin's production for the year was b. P 575,000 a. P 484,200 c. P 594,000 d. P 600,000 11. Franklin's fixed overhead volume variance for the year was

a. P 19,000 F b. P 25,000 F c. P 5,750F d. P 19,000 U 10. The fixed overhead applied to Franklin's production for the year was b. P 575,000 a. P 484,200 c. P 594,000 d. P 600,000 11. Franklin's fixed overhead volume variance for the year was

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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