The net earnings of factory workers for A Corp during the month of December totaled 100,000. The employees w/taxes are 10,000, SSS are 12,000 and Pagibig of 5,000. Employer’s share totaled 20,000. Of the total cost of factory labor, 90% is related to direct labor. What is the total amount debited to Overhead account?
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
The net earnings of factory workers for A Corp during the month of December totaled 100,000. The employees w/taxes are 10,000, SSS are 12,000 and Pagibig of 5,000. Employer’s share totaled 20,000. Of the total cost of factory labor, 90% is related to direct labor. What is the total amount debited to
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