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Q-1. Factory overhead of the Smart &Co. for the month of January 2019 has been estimated as follows: Fixed factory overhead.. $ 210,000 Variable factory overhead... ...$ 340,000 Estimated direct labour hours..... .....300,000 Actual production attained for the month 290,000 direct labour hours, Actual factory overheads were Rs.460,000. Required: A. Idle capacity variance. B. Spending variance. (4 marks)