Boone Manufacturing had worked on two jobs, Job 101 and Job 102 last year. The estimated manufacturing overhead for last year was P 30,000 (fixed) and P5.00 per direct labor hour (variable) and estimated 2,000 direct labor hours. The factory overhead control account has a balance of P 37,000. Actual hours used for Job 101 was 1,200 and for Job 102 was 1,000. 3. What is the total spending variance? a. P4,000 unfavorable b. P3,000 unfavorable c. P4,000 favorable

Boone Manufacturing had worked on two jobs, Job 101 and Job 102 last year. The estimated manufacturing overhead for last year was P 30,000 (fixed) and P5.00 per direct labor hour (variable) and estimated 2,000 direct labor hours. The factory overhead control account has a balance of P 37,000. Actual hours used for Job 101 was 1,200 and for Job 102 was 1,000. 3. What is the total spending variance? a. P4,000 unfavorable b. P3,000 unfavorable c. P4,000 favorable

Name: 4. What is the total production variance?a. P4,000 unfavorableb. P3,0
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Description: 4. What is the total production variance?a. P4,000 unfavorableb. P3,000 unfavorablec. P3,000 favorabled. P7,000 favorable Boone Manufacturing had worked on two jobs, Job 101 and Job 102 last year. Theestimated manufacturing overhead for last year wa

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 13PA: Recompute the variances from the second Acme Inc. exercise using $0.0725 as the standard cost of the...

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Recompute the variances from the second Acme Inc. exercise using $0.0725 as the standard cost of the material and $14 as the standard labor cost per hour. How has your explanation of the variances changed?
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