Each of the following independent situations relates to direct labor. Fill in the blanks. A B C D Units produced 4,000 _____ 3,000 _____ Actual hours worked 1,900 8,400 _____ _____ Standard hours for production achieved 2,000 _____ _____ 6,000 Standard hours per unit _____ 0.5 2 3 Standard rate per hour P12 P10 P12 _____ Actual labor cost _____ P83,600 _____ P24,500 Rate variance P310U _____ P900U P300F Efficiency variance _____ P2,000U P1,800F P800 U

Q: Give me correct answer with explanation.j

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.