The following information is available from the records of a factory:
|
Budget |
Actual |
|
|
Fixed overhead for June (Rs.) |
10,000 |
12,000 |
|
Production in June (units) |
2,000 |
2,000 |
|
Standard time per unit (hrs) |
10 |
– |
|
Actual hours worked in June |
– |
22,000 |
Compute: (i) Fixed overhead-cost variance; (ii) Expenditure variance; (iii) Volume variance; (iv) Capacity variance; and (v) Efficiency variance.