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Calculate the standard hours allowed for good output

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Question - The following information relates to given department of Merry Company for the first year:

Actual total factory overhead P178,500

Budget Formula:

Total factory ovehead cost = P110,000 + P.50/hr.

Predetermined factory overhead rate P1.50 per hour

Spending Variance (using three way analysis) P8,000 UF

Volume Variance (using two way analysis) P5,000 F

Required - Calculate the standard hours allowed for good output and actual hours worked in this department.

Reference no: EM132728935

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