How much is the total overhead spending variance

Reference no: EM132644529

Problem 1: Actual variable overhead incurred is P50,000 based on actual direct labor hours of 1,000. The budgets showed that estimated variable overhead to be incurred for 1,200 hours will be P62,400. In addition, fixed overhead actually incurred is P120,000 and budgeted based on normal capacity of 1,200 direct labor hours is P124,000. How much is the total overhead spending variance?

Reference no: EM132644529

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