The following data are available in respect of a manufacturing company
|
Particulars |
Budget |
Actual |
|
Production – units |
400 |
360 |
|
Man-hours to produce above |
8,000 |
7,000 |
|
Variable overheads |
Rs.10, 000 |
Rs.9, 150 |
The standard time to produce one unit of the product is 20 hours.
Calculate variable overhead variances.