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Question - Wilms, Inc. uses a standard cost system. Overhead cost information for product A for the month of November is as follows:
Total actual overhead incurred, P12,600
Fixed overhead budgeted, P3,300
Total standard overhead rate per direct labor, P4.00
Variable overhead rate per direct labor hour, P3.00
Standard hours allocated for actual production, 3,500
Required - What is the overall (or net) overhead variance?
a. P1,400 unfavorable
b. P1,400 favorable
c. P1,200 unfavorable
d. P1,200 favorable
After 3 years, your house is appreciated to the value of $550,000 and market interest rate goes up to 6.5%. How much money will you make in book after 3 years
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