Reference no: EM132893414
Seegar Company uses a standard cost system for its production process and applies overhead based on direct labor hours. The following information is available for August when Seegar made 4,500 units:
Standard:
DLH per unit = 2.50
Variable overhead per DLH = Php1.75
Fixed overhead per DLH = Php3.10
Budgeted variable overhead = Php21,875
Budgeted fixed overhead = Php38,750
Actual:
Direct labor hours = 10,000
Variable overhead = Php26,250
Fixed overhead = Php38,000
Problem 1: Using the one-variance approach, what is the total overhead variance?
a. Php6,062.50 U
b. Php3,625.00 U
c. Php9,687.50 U
d. Php6,562.50 U
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