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What is the budget variance for January

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Question - Basti Company uses standard cost system and prepared the following budget at normal capacity for the month of January:

Direct Labor Hours 48,000

Variable Factory Overhead P96,000

Fixed factory Overhead P216,000

Total factory overhead per DLH P6.50

Actual data for January were as follows:

Direct labor hours worked 44,000

Total factory overhead P294,000

Standard DLH allowed for capacity attained 42,000

Using the two-way analysis of overhead variances, what is the budget (controllable) variance for January?

a. P6,000 favorable

b. P27,000 unfavorable

c. P18,000 favorable

d. 21,000 unfavorable

Reference no: EM132777671

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