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Accounting Standard overhead absorption rate per unit 20 Standard rate per hour 4 Budgeted production 12,000 units Actual production 15,560 units Actual overheads were 2,95,000
Accounting
Standard overhead absorption rate per unit 20 Standard rate per hour 4 Budgeted production 12,000 units Actual production 15,560 units Actual overheads were 2,95,000 out of which 62,500 fixed . Actual hours 74,000 Overheads are based on the following flexible budget Production (units) Total Overheads (*) 8,000 1,80,000 10,000 2,10,000 14,000 2,70,000 You are required to calculate the following overhead variances (on hour's basis) with appropriate workingsStep by Step Solution
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