Question
. Following data of ABC Company is available: Estimated total FOH: Rs. 500,000 (40% fixed, 60% variable) Estimated production:200,000 units Actual production:210,000 units Actual FOH:Rs.
. Following data of ABC Company is available:
Estimated total FOH: Rs. 500,000
(40% fixed, 60% variable)
Estimated production:200,000 units
Actual production:210,000 units
Actual FOH:Rs. 520,000
Calculate the Spending variance and Idle capacity variance?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the Spending Variance and Idle Capacity Variance for ABC Company well use the given data and the formulas for these variances Given Data ...
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Step: 2
Step: 3
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
