The following information relates to a given department of Mervi Company for the first quarter of the year: Actual total overhead (fixed plus variable) P178,500 Budget formula: Total FOH Cost P110,000 + PO.50/hr %3D Total overhead application rate P1.50 per hour Spending variance (from three-way analysis) P8,000 unfavorable Volume variance (from two-way analysis) P5,000 favorable What were the standard hours allowed for good output in this department?
The following information relates to a given department of Mervi Company for the first quarter of the year: Actual total overhead (fixed plus variable) P178,500 Budget formula: Total FOH Cost P110,000 + PO.50/hr %3D Total overhead application rate P1.50 per hour Spending variance (from three-way analysis) P8,000 unfavorable Volume variance (from two-way analysis) P5,000 favorable What were the standard hours allowed for good output in this department?
Chapter1: Financial Statements And Business Decisions
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