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Compute the budgeted fixed overhead cost for January

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Question - The Pinatubo Company makes and sells a single product and uses standard costing. During January, the company actually used 8,700 direct labor-hours (DLHs) and produced 3,000 units of product. The standard cost card for one unit of product includes the following:

Variable factory overhead: 3.0 DLHs @ P4.00 per DLH.

Fixed factory overhead: 3.0 DLHs @ P3.50 per DLH

For January, the company incurred P22,000 of actual fixed overhead costs and recorded a P875 favorable volume variance.

Required - Compute the budgeted fixed overhead cost for January?

Reference no: EM132576482

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