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Irish Corporation
Irish Corporation
For the
year 200A, the following standards were established based on normal production of 1,000
units:
Total Cost
Materials 2pcs. @ P6 per piece P12
Labor 5hrs. @ P4 per hour 20
Variable overhead 5 hrs. @ P3 per hour 15
Fixed factory overhead (5 hrs @ P2) 10
Total labor cost per unit P57
Required:
* The total actual fixed overhead cost incurred during the period.