Reference no: EM132868720

Question - Aishwarya Company uses a standard cost system for its production process.

It applies overhead based on direct labor hours.

Information is available for August when the entity made 4,40 units:

Standard:

DLH per unit P2.20

Variable overhead per DLH 2.50

Fixed overhead per DLH 3.00 (based on12,000 DL hours)

Actual:

Direct labor hours 8,800

Variable overhead 29,950

Fixed overhead 42,300

Requirements - Prepare the variance analysis in One-way variance, Two-way variance, and Three-way variance.