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What is the total spending variance

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Question - Star Company has a standard absorption and flexible budgeting system. Selected data for November 2020 production activity is as follows:

Budgeted fixed overhead cost P64,000

Actual overhead incurred P230,000

Variable factory overhead rate per direct labor hour P5

Actual direct labor hours 32,000

Required - What is the total spending variance?

A. P6,000 F

B. P1,000 F

C. P1,000 U

D. P6,000 U

Reference no: EM132855026

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