Reference no: EM133064763
Question - The following information was taken from the annual manufacturing overhead cost budget of Amcar Company:
Variable manufacturing overhead costs Php124,000
Fixed manufacturing overhead costs Php62,000
Normal production level in direct labor hours 31,000
Normal production level in units 15,500
During the year, 15,000 units were produced, 32,000 hours were worked, and the actual manufacturing overhead costs were Php190,000. The actual fixed manufacturing overhead costs did not deviate from the budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of direct labor hours.
Required -
(a) Compute the total, fixed, and variable predetermined manufacturing overhead rates.
(b) Compute the total, controllable, and volume overhead variances.
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