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Compute the variance using two-way method

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Reference no: EM133184912

Question - Stork Manufacturing Corp. provides the following information for the year 2021:

Normal direct labor hour 155,000

Standard fixed overhead rate P4.00

Standard fixed overhead cost per unit P10.00

Units manufactured-actual 60,000

Actual direct labor hours 148,000

Actual overhead- Variable P475,000

Fixed 632,500

Total budgeted overhead P1,085,000

Required -

1. Compute the variance using 2-way method.

2. Compute the variance using 3-way method.

3. Compute the variance using 4-way method.

Reference no: EM133184912

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