The following information has been obtained from the records of a manufacturing organization using standard costing system You are required to calculate the following overhead variances I Variable overhead variance II Fixed overhead variance (a) Expenditure variance (b) Volume variance (c) Effi cie...

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The following information has been obtained from the records of a manufacturing organization using standard- costing system:

Question:

The following information has been obtained from the records of a manufacturing organization using standard-

costing system:

image text in transcribed

You are required to calculate the following overhead variances:
I Variable-overhead variance II Fixed-overhead variance:

(a) Expenditure variance

(b) Volume variance

(c) Effi ciency variance

(d) Calendar variance

(e) Capacity-usage variance

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Related Book For book-img-for-question

Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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Question Posted: Jun 16, 2024 04:08 AM

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The following information has been obtained from the records of a manufacturing organization using standard- costing system:

Question:

Standard Actual Production (units) 4,000 3,800 Working days (days) 20 21 Fixed overheads (Rs.) 40,000 39,000 Variable overhead (Rs.) 12,000 12,000

Step by Step Answer:

Cost Accounting

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