MCD Corp. spent a total of 810,000 actual variable cost and 290,000 and cost for the month of May. Standard variable overhead is P40 per unit and budgeted fixed cost for normal capacity of 25,000 units is P300,000. Total actual units produced in May is 20,000 units. What is the total spending variance for the month of May? What is the total volume variance for the month of May?

MCD Corp. spent a total of 810,000 actual variable cost and 290,000 and cost for the month of May. Standard variable overhead is P40 per unit and budgeted fixed cost for normal capacity of 25,000 units is P300,000. Total actual units produced in May is 20,000 units. What is the total spending variance for the month of May? What is the total volume variance for the month of May?

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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