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What the actual factory overhead measured in November

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Question - Deems Company's budgeted fixed factory overhead cost is P50,000 per month plus a variable factory overhead rate of P4 per direct labor hour. The standard direct labor hours allowed for November production was 18,000. An analysis of the factory overhead indicates that in November, Deems had an unfavorable budget (controllable) variance of P1,000 and a favorable volume variance of P500. Deems uses a two-way analysis of overhead variance. What the actual factory overhead measured in November?

a. P122,000

b. P123,000

c. P121,000

d. P122,300

Reference no: EM133060804

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