Compute the total amount of spending variance

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Problem - Factory Overhead Variance

The following are the available data of Anton Corp. for year 2025:

Budgeted Fixed Overhead P3,132,000

Budgeted Variable Overhead P6,156,000

Budgeted Labor hours 1,080,000

Actual labor hours 1,042,200

Actual Fixed Overhead 3,132,000

Actual Variable Overhead 5,740,920

Required - Compute the following:

1. Total amount of over-under applied factory overhead

2. Total amount of spending variance

3. Total amount of idle capacity variance

Reference no: EM132701210

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