Solution-Compute the overhead controllable variance

Compute the overhead controllable variance

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Reference no: EM133068160

Question - Concorde Industries provided the following information about its standard costing system for 2019:

Standard Data		Actual Data
Labor	2 hrs. @ Php21 per hr.	Produced	8,000 units
Budgeted fixed overhead costing Php300,000	Php100,000	Labor worked	15,000 hrs.
Budgeted variable overhead	Php30 per unit	Actual overhead	Php355,000
Budgeted production	10,000 units

Concord Industries applies fixed overhead at Php10 per unit produced.

Required -

(a) Compute the total overhead variance.

(b) Compute the overhead controllable variance.

Reference no: EM133068160

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Compute the overhead controllable variance

Reference no: EM133068160

Reference no: EM133068160

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