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What the amount of the total factory overhead cost variance

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The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows:

Standard Costs

Fixed overhead (based on 10,000 hours) 3 hours @ P.80 per hour
Variable overhead 3 hours @ P2 per hour

Actual Costs

Total variable cost, P18,000
Total fixed cost, P8,000

Problem 1: The amount of the total factory overhead cost variance is

Reference no: EM132779994

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