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Sashimi Company uses a standard cost accounting system in its glass division. The standard cost...

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Accounting

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Sashimi Company uses a standard cost accounting system in its glass division. The standard cost of making one glass windshield is: Direct materials (60 lbs. @ P 1/1b) P 60.00 Direct labor (3 hr. @P 10/hr) 30.00 Manufacturing overhead (3 hr. @P8/hr) 24.00 Total standard unit cost P 114.00 The current variable manufacturing overhead rate is P3 per labor hou and the budgeted fixed manufacturing overhead is P 2,700. During J the division produced 165 windshields compared to normal capacity 180 windshields. The actual production cost was: Direct materials (9,000 lbs) P 10,800.00 Direct labor (500 hrs) 4,000.00 Manufacturing overhead (50% fixed) 5,200.00 Total actual cost P 20,000.00 How much is the fixed overhead volume variance? P 225 over-applied OP 225 under-applied P 125 over-applied P 125 under-applied

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