The following data are given:
|
Budget |
Actual |
|
|
Production (in units) |
400 |
360 |
|
Max. hours to produce above |
8,000 |
7,000 |
|
Variable overheads (Rs.) |
10,000 |
9,150 |
The standard time to produce one unit of a product is 20 hours. Calculate variable-overhead variances.