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 per 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 101 was 1.200 and for Job 102 were 1,000. 3. What is the total spending variance? a. P 4,000 unfavorable b. P 3,000 unfavorable c. P4,000 favorable d. P 7,000 favorable 4. What is the total production variance? a. P 4,000 unfavorable b. P 3,000 unfavorable C. P 3,000 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 per 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 101 was 1.200 and for Job 102 were 1,000. 3. What is the total spending variance? a. P 4,000 unfavorable b. P 3,000 unfavorable c. P4,000 favorable d. P 7,000 favorable 4. What is the total production variance? a. P 4,000 unfavorable b. P 3,000 unfavorable C. P 3,000 favorable d. P7,000 favorable

Name: Boone Manufacturing had worked on two jobs, job 101 and Job 102 lasty
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Description: Boone Manufacturing had worked on two jobs, job 101 and Job 102 lastyear. The estimated manufacturing overhead for last year was P 30,000(fixed) and P5.00 per direct labor hour (variable) and estimated 2,000direct labor hours. The factory overhead c

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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