Reference no: EM132987755
Question - XYZ Company has the following data:
Budgeted Production 1,200 units
Budgeted fixed overhead P120,000
Direct labor standard per unit 1.5 hours @ P50 per direct labor hour
Direct material standard per unit 0.5 kg @ P23 per kilo
Standard variable overhead P30 per direct labor hour
Actual production 1.150 units
Actual fixed overhead P121,000
Actual direct labor 1,800 hours @ P90,000
Actual direct materials 690 kg @ P15,525
Actual variable overhead P55,800
Required - Calculate the fixed overhead spending variance (unfavorable).