The following information was obtained from the records of a manufacturing unit using standardcosting system.

You are required to calculate the following overhead variances:

(a) Variable-overhead variance:

(b) Fixed-overhead variance:
(i) Expenditure variance (ii) Volume variance (iii) Effi ciency variance (iv) Calendar variance

(c) Also prepare a reconciliation statement for the standard fi xed expenses worked out at the standard fi xed overhead rate and actual fi xed overhead

Transcribed Image Text:

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