(Overhead Variances)
|
Budgeted overhead (fixed) |
Rs. 50,000 |
|
Budgeted production per day |
5,000 units |
|
Budgeted no. of days |
20 |
|
Standard production per hour |
50 units |
|
Actual overhead |
Rs. 60,000 |
|
Actual direct-labour hours |
2,000 |
|
Actual no. of days |
18 |
|
Actual production units |
1,20,000 units |
You are required to calculate the budget variance, calendar variance, capacity variance, Efficiency variance, volume variance and total overhead variance.