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The following information was taken from the records of Aklan Corporation that uses three-way analysis for...

The following information was taken from the records of Aklan Corporation that uses three-way analysis for overhead variance:

Number of units actually produced 95,000

Total overhead spending variance 6,500 unfavorable

Total overhead efficiency variance 52,250 unfavorable

Total overhead volume variance 56,250 unfavorable

Budgeted machine hours 250,000

Standard machine hours allowed on actual production 237,500

Actual machine hours    247,000

Total factory overhead    P 2,490,000

Required:

a. What is the standard machine hour per unit?

b. What is the budgeted production for the period?

c. What is the standard variable overhead rate per hour?

d. How much is the budgeted fixed overhead?

Solutions

Expert Solution

ekkarill92 answered 1 year ago
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