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1. ABC PLC is a manufacturing company specializing in the production of automobiles. Information from its last budget period is as follows: Actual Production
1. ABC PLC is a manufacturing company specializing in the production of automobiles. Information from its last budget period is as follows: Actual Production 275,000 units Budgeted Production 250,000 units Standard Fixed Overhead Absorption Rate Rs. 2,000 per unit. Actual fixed overhead Rs. 600 Mn Calculate i. Fixed overhead total variance ii. Fixed overhead expenditure variance iii. fixed overhead volume variance
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