show the solution in good accounting form.Compute for Spending VarianceCompute for Variable Overhead Efficiency VarianceCompute...
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show the solution in good accounting form.
Compute for Spending Variance
Compute for Variable Overhead Efficiency Variance
Compute for Controllable Variance
CoursHeroTranscribedText: MARISSA CO. the consultant of MARISOL CO. had summarized the following standard cost data extracted from the historical records performance reports issued by the cost accounting department in the prior year to assist in her analysis and evaluation of the standard costing policy of the company: Input required per unit Standard cost per unit Standard cost per unit Direct Materials 6 kg per unit 90 per kg 540 Direct Labor 5 hours per unit 50 per hour 250 Other information follows: Budgeted factory overhead for the year: Variable 480,000 Fixed 600,000 The company's normal capacity per month is 400 units. Actual cost materials purchased for the year is P2,342,000 During the year, direct materials purchased is 26,880 kg while direct materials actually used is 24,760 kgs Actual labor costs for the year 1,080,000 of which 24,900 direct labor hours was consumed. Actual factory overhead amounted to 1,320,000, 65% of which is fixed cost, FOH is based on labor hours. Actual production during the year 5,150 units
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