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  3. the following information relates to a given depar

The following information relates to a given department of Mervi Company for the first quarter...

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Accounting

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The following information relates to a given department of Mervi Company for the first quarter of the year: Actual total overhead (fixed plus variable) P178,500 Budget formula: Total FOH Cost = P110,000 + PO.50/hr Total overhead application rate P1.50 per hour P8,000 Spending variance (from three-way analysis) unfavorable P5,000 Volume variance (from two-way analysis) favorable What were the standard hours allowed for good output in this department? 0 110.000 106.667 115.000 105.000

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