(4) SRBH() 160000 (5) ARAH(R) 168000 (1) SRSH (R) (2) SRAH (R) (3) SRRBH (3) 1 x 166320 = 1 x 184800 = 1x 176000 = ? 166320 184800 176000 Working Notes: SR = budgeted FOH/budgeted hours = 1,60,000/1.60.000 = 1 RBH = (22/20) x 1,60,000 = 1.76,000 AH = 22 x 8,400 = 1,84,800 AQ = 1,84,800 x 0.9 = 1,66,320 SH = 1.66,320/1 = 1,66,320 1. SRSH = Standard Cost of Standard Fixed overheads = 1,66,320 2. SRAH = Standard Cost of Actual Fixed overheads (or) Fixed overheads Absorbed or Recovered = 1,84,800 3. SRRBH = Revised Budgeted Fixed overheads = { 1,76.000 4. SRBH = Budgeted Fixed overheads = 1,60,000 5. ARAH = Actual Fixed overheads = 1,68,000 a. FOH efficiency Variance = 1-2 = 2 18,480(A) b. FOH Capacity Variance = 2-3 = 8,800F) C. FOH Calendar Variance = 3.4 = 16,000(F) d. FOH Volume Variance = 1-4 = 26,320(F) e. FOH Budget Variance = 4-5 = 38.000(A) 1. FOH Cost Variance = 1.5 = + 1,6801A) p44 Illustration 13 A manufacturing co. operates a costing system and showed the following data in respect of the month of November. Actual no. of working days 22 Actual man hours worked during the month 4,300 No. of Products Produced 425 Actual overhead incurred 1,800 20 Relevant information from the company's budget and standard cost data is as follows: Budgeted no. of working days per month Budgeted man hours per month 4,000 Standard man hours per product 10 Standard overhead rate per month per hour 50 p. you are required to calculate the overhead variances for the month of November