A company produces one product and the standard cost contains the following information:
|
Budget |
Actual |
|
|
Output for the month |
4,000 units |
4,400 units |
|
Fixed overhead |
Rs. 24,000 |
Rs. 26,000 |
|
Variable overhead |
Rs. 24,000 |
Rs. 34,000 |
Calculate:
- Total overhead-cost variance
- Fixed overhead-cost variance
- Variable overhead-cost variance