Unova Company manufactured 130,000 buckets during February. The variable overhead cost- allocation base is P5.30 per machine-hour. The following variable overhead data pertain to February: Production Machine-hours Variable overhead cost per machine-hour Actual 130,000 units 9,500 hours What is the variable overhead efficiency variance? P5.35 Budgeted 130,000 units 9,000 hours P5.30

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Unova Company manufactured 130,000 buckets during February. The variable overhead cost-
allocation base is P5.30 per machine-hour. The following variable overhead data pertain to
February:
Production
Machine-hours
Variable overhead cost per
machine-hour
Actual
130,000 units
9,500 hours
What is the variable overhead efficiency variance?
P5.35
Budgeted
130,000 units
9,000 hours
P5.30
Transcribed Image Text:Unova Company manufactured 130,000 buckets during February. The variable overhead cost- allocation base is P5.30 per machine-hour. The following variable overhead data pertain to February: Production Machine-hours Variable overhead cost per machine-hour Actual 130,000 units 9,500 hours What is the variable overhead efficiency variance? P5.35 Budgeted 130,000 units 9,000 hours P5.30
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