Solution for QID #30222: Basti Company uses standard cost system and prepared the fol | StudyHelpMe

Basti Company uses standard cost system and prepared the following budget at normal capacity for the month of January: Direct Labor Hours 48,000 Variable Factory Overhead P96,000 Fixed factory Overhead P216,000 Total factory overhead per DLH P6.50 Actual data for January were as follows: Direct labor hours worked 44,000 Total factory overhead P294,000 Standard DLH allowed for capacity attained 42,000 Using the two-way analysis of overhead variances, what is the budget (controllable) variance for January? a. P6,000 favorable b. P27,000 unfavorable c. P18,000 favorable d. 21,000 unfavorable