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Romaine Inc. uses a standard cost accounting system. The standard factory overhead rate was computed...

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Accounting

Romaine Inc. uses a standard cost accounting system. The standard factory overhead rate was computed based on normal capacity:

Budgeted variable expenses 12,000
Budgeted fixed expenses 8,000
TOTAL 20,000
FOH Rate (P 20,000/ 20,000 hours) P 1.00 per DLH

Two labor hours are required to manufacture each finished unit. During the month, 9,500 units were completed. There were no opening or closing work-in-process inventories. 18,500 labor hours were worked and actual factory overhead was P18,000.

Amount (2 decimal places) U or F
FOH Spending Var
FOH Efficiency Var
FOH Product Vol. Var
FOH Flexible Budget Var
Total FOH Var

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