Ichigo Company has the following information for the third quarter of 2020: Actual total overhead (fixed plus Php 374,850 variable) Php 231,000 plus Php 1.20 per Budget Formula hour Spending Variance (3-way analysis) Php 16,800 UF Volume Variance (2-way analysis) Php 10,500 F Overall factory overhead variance Php 12,600 UF Determine the standard hours needed for the third quarter. O 120,750 hours O 133,350 hours O 111,125 hours O 100,625 hours

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Ichigo Company has the following information for the third quarter of
2020:
Actual total overhead (fixed plus
Php 374,850
variable)
Php 231.000 plus Php 1.20 per
Budget Formula
hour
Spending Variance (3-way analysis)
Php 16,800 UF
Volume Variance (2-way analysis)
Php 10,500 F
Overall factory overhead variance
Php 12,600 UF
Determine the standard hours needed for the third quarter.
120,750 hours
133,350 hours
111,125 hours
100,625 hours
Transcribed Image Text:Ichigo Company has the following information for the third quarter of 2020: Actual total overhead (fixed plus Php 374,850 variable) Php 231.000 plus Php 1.20 per Budget Formula hour Spending Variance (3-way analysis) Php 16,800 UF Volume Variance (2-way analysis) Php 10,500 F Overall factory overhead variance Php 12,600 UF Determine the standard hours needed for the third quarter. 120,750 hours 133,350 hours 111,125 hours 100,625 hours
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