Standard Costs and Variance Analysis B P33000 U P30000 F CP15000 U P18000 F

Standard costs and variance analysis b p33000 u

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lii.Using the information in the preceding number, the amounts of controllablevariances for variable overhead are:.Wala Company applies overhead on a direct labor hour basis. Each unit ofproduct requires 5 direct labor hours. Overhead is applied on a 30 percentvariable and 70 percent fixed basis; the overhead application rate is P16per hour. Standards are based on a normal monthly capacity of 5,000direct labor hours. During September 2006, Wala produced 1,010 units of product andincurred 4,900 direct labor hours. Actual overhead cost for the month wasP80,000.What is total annual budgeted fixed overhead cost?Four-way overhead varianceliii.Safin Corporation’s master budget calls for the production of 5,000 units ofproduct monthly. The annual master budget includes indirect labor ofP144,000 annually. Safin considers indirect labor to be a variable cost.During the month of April, 4,500 units of product were produced, andindirect labor costs of P10,100 were incurred. A performance reportutilizing flexible budgeting would report a budget variance for indirect laborof:liv.Wala Company applies overhead on a direct labor hour basis. Each unit ofproduct requires 5 direct labor hours. Overhead is applied on a 30 percentvariable and 70 percent fixed basis; the overhead application rate is P16per hour. Standards are based on a normal monthly capacity of 5,000direct labor hours. During September 2006, Wala produced 1,010 units of product andincurred 4,900 direct labor hours. Actual overhead cost for the month wasP80,000.What is total annual budgeted fixed overhead cost?A.P 56,000C.P672,000B.P 56,560D.P678,720lv.Budgeted variable overhead for the level of production achieved is 40,000machine-hours at a budgeted cost of P62,000. Actual variable overhead atthe level of production achieved was 38,000 hours at an actual cost ofP62,400. What is the total variable overhead variance?lvi.The Pinatubo Company makes and sells a single product and uses standardcosting. During January, the company actually used 8,700 direct labor-hours (DLHs) and produced 3,000 units of product. The standard cost cardfor one unit of product includes the following:Variable factory overhead: 3.0 DLHs @ P4.00 per DLHFixed factory overhead: 3.0 DLHs @ P3.50 per DLHFor January, the company incurred P22,000 of actual fixed overhead costsand recorded a P875 favorable volume variance.The budgeted fixed overhead cost for January is:lvii.The variable-overhead spending variance is P1,080, unfavorable. Variableoverhead budgeted at 40,000 machine hours is P50,000. Actual machinehours were 36,000. What was the actual variable-overhead rate permachine hour?

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