NUBD Company uses a standard cost system and prepared the following budget at normal capacity for January: Direct labor hours Variable OH Fixed OH Total OH per DLH 24,000 P48,000 P108,000 P6.50 Actual data for January were as follows: Direct labor hours worked 22 000

NUBD Company uses a standard cost system and prepared the following budget at normal capacity for January: Direct labor hours Variable OH Fixed OH Total OH per DLH 24,000 P48,000 P108,000 P6.50 Actual data for January were as follows: Direct labor hours worked 22 000

Name: Using the two-way analysis of overhead variances, what is the controll
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Description: Using the two-way analysis of overhead variances, what is the controllable variance for January? NUBD Company uses a standard cost system and prepared the following budget atnormal capacity for January:Direct labor hoursVariable OHFixed OH24,000P48,0

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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Primara Corporation has a standard costing system in which it applies overhead to products on the basis of the standard direct labour- hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted standard direct labour-hours (denominator level of activity) Actual direct labour-hours Standard direct labour-hours allowed for the actual output $ 500,000 $ 508,000 50,000 54,000 52,000 Required: 1. Compute the fixed portion of the predetermined overhead rate for the year. Predetermined overhead rate per DLH
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