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Monthly estimate Factory Overhead of a company for an expected volume of 15,000 pounds of a product is as follows: Fixed Overhead Rs. 3,000 Variable

Monthly estimate Factory Overhead of a company for an expected volume of 15,000 pounds of a product is as follows:

Fixed Overhead Rs. 3,000

Variable Overhead Rs. 9,000

Output for the month of June is 10,000 ponds and actual overhead expenses are Rs. 8,000.

Required:

  1. Spending Variance
  2. Idle capacity varian

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