corihd oom/doAunt/2Selected data for the Palawan Manufacturing Company for the year 2014 follow:Budgeted for year260.000Actual for yearDirect labor hours248,300Manufacturing overheadFixedP585,000P578,400Variable1,092,0001,039,940TotalP1,677,000P1,638,34016. What is the over or underapplied overhead for the year?17. What is the fixed volume variance?18. What is the spending variance?19. What is the net variance?

Name: corihd oom/doAunt/2Selected data for the Palawan Manufacturing Compan
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Description: corihd oom/doAunt/2Selected data for the Palawan Manufacturing Company for the year 2014 follow:Budgeted for year260.000Actual for yearDirect labor hours248,300Manufacturing overheadFixedP585,000P578,400Variable1,092,0001,039,940TotalP1,677,000P1,63

Overhead Variance: The difference between real overhead and applied overhead is referred to as…

Business

Accounting

Selected data for the Palawan Manufacturing Company for the year 2014 follow: Actual for year Budgeted for year 260,000 Direct labor hours Manufacturing overhead Fixed Variable Total 248,300 P585,000 1,092,000 P1,677,000 P578,400 1,039,940 P1,638,340 16. What is the over or underapplied overhead for the year? 17. What is the fixed volume variance? 18. What is the spending variance? 19. What is the net variance?

Selected data for the Palawan Manufacturing Company for the year 2014 follow: Actual for year Budgeted for year 260,000 Direct labor hours Manufacturing overhead Fixed Variable Total 248,300 P585,000 1,092,000 P1,677,000 P578,400 1,039,940 P1,638,340 16. What is the over or underapplied overhead for the year? 17. What is the fixed volume variance? 18. What is the spending variance? 19. What is the net variance?

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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