Use the following information to answer items #31-#34:Standard Company has developed standard manufacturing overhead costs based on a capacity of 180,000 direct labor-hours (DLHS) as follows: Standard overhead costs per unit: Variable portion (2 DLH @ P3.00/DLH P 6.00 Fixed portion (2 DLH @ P5.00/DLH 10.00 The following data pertain to operations in April: Actual Output 80,000 units Actual direct labor cost P 644.000 Actual direct labor hours worked 165.000 DLHS P 518,000 P 860,000 Variable overhead cost incurred Fixed overhead cost incurred 31, The variable overhead spending variance for April was:

Use the following information to answer items #31-#34:Standard Company has developed standard manufacturing overhead costs based on a capacity of 180,000 direct labor-hours (DLHS) as follows: Standard overhead costs per unit: Variable portion (2 DLH @ P3.00/DLH P 6.00 Fixed portion (2 DLH @ P5.00/DLH 10.00 The following data pertain to operations in April: Actual Output 80,000 units Actual direct labor cost P 644.000 Actual direct labor hours worked 165.000 DLHS P 518,000 P 860,000 Variable overhead cost incurred Fixed overhead cost incurred 31, The variable overhead spending variance for April was:

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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