Sky Castle Manufacturing Company has total underapplied overhead variance of P2,582.50. The budget variance had...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Sky Castle Manufacturing Company has total underapplied overhead variance of P2,582.50. The budget variance had been P2,662.50 unfavorable. Efficiency variance, then, was P137.50 favorable. Upon review of operations, it was ascertained that the actual variable overhead amounted to P46,000. The standard overhead rates are P55 per machine hour for variable overhead and P32 per machine hour for fixed overhead. Actual overhead machine hours, both for variable and fixed, is 800 machine hours.
How much was the entity's actual fixed overhead?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.