Ferro Enterprises, Inc., uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of standard direct labor-hours. During the month of September, the company applied P52,000 in fixed manufacturing overhead cost to units of product. At the end of the month, manufacturing overhead was overapplied by P3,000. If there was no volume variance in September, then the budgeted fixed manufacturing overhead cost for the month was:
Ferro Enterprises, Inc., uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of standard direct labor-hours. During the month of September, the company applied P52,000 in fixed manufacturing overhead cost to units of product. At the end of the month, manufacturing overhead was overapplied by P3,000. If there was no volume variance in September, then the budgeted fixed manufacturing overhead cost for the month was:
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 9EB: Eagle Inc. uses a standard cost system. During the most recent period, the company manufactured...
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P55,000
P58,000
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