2.Factory overhead variance analysis (Two, Three, Four-way
Variance method)
Ezekiel company provides the following production data:
Total standard overhead cost per unit of a product: 4 hours at
3.00 per hour
•Budgeted fixed factory overhead 20,000
•Normal production 2,500 units
•Actual production 2,000 units
•Actual hours 7,500 hours
•Actual factory overhead incurred (75% fixed) P26,000
Required: Determine the following:
a. Budget factory overhead
b. Standard factory overhead
c. Budgeted FOH based on actual hours
d. Budgeted FOH based...