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What franklin variable overhead efficiency variance

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Franklin Glass Works' production budget for the year ended November 30, 2001 was based on 200,000 units. Each unit requires two standard hours of labor for completion. Total overhead was budgeted at P900,000 for the year, and the fixed overhead rate was estimated to be P3.00 per unit. Both fixed and variable overhead are assigned to the product on the basis of direct labor hours.

The actual data for the year ended November 30, 2001 are presented below.

Actual production in units 198,000

Actual direct labor hours 440,000

Actual variable overhead P 352,000

Actual fixed overhead P 575,000

Question 1: Franklin's variable overhead efficiency variance for the year ended November 30, 2001 is

A. P33,000 unfavorable

B. P66,000 unfavorable

C. P35,520 favorable

D. P33,000 favorable

Reference no: EM132596327

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