Overhead rate per hour? Justine Company budgeted total variable overhead costs at P180,000 for the currentperiod. In addition, they budgeted costs for factory rent at P215,000, costs fordepreciation of office equipment at P12,000 costs for office rent at P92,000, and costsfor depreciation of factory equipment at P 38,000. All these costs were based uponestimated machine hours of 80,000. At the end of the period, the Factory Overheadcontrol account had a balance of P 387,875. Actual machine hours were 74,000.

Name: Overhead rate per hour? Justine Company budgeted total variable overhe
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Description: Overhead rate per hour? Justine Company budgeted total variable overhead costs at P180,000 for the currentperiod. In addition, they budgeted costs for factory rent at P215,000, costs fordepreciation of office equipment at P12,000 costs for office ren

Formula: Overhead rate per hour = Total estimated overhead / Total estimated Machine hours

Business

Accounting

Justine Company budgeted total variable overhead costs at P180,000 for the current period. In addition, they budgeted costs for factory rent at P215,000, costs for depreciation of office equipment at P12,000 coșts for office rent at P92,000, and costs for denreciation of factory equinment at P 38.000, All these costs were based upon

Justine Company budgeted total variable overhead costs at P180,000 for the current period. In addition, they budgeted costs for factory rent at P215,000, costs for depreciation of office equipment at P12,000 coșts for office rent at P92,000, and costs for denreciation of factory equinment at P 38.000, All these costs were based upon

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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