The following data has been collected from the cost records of a unit for computing various fixed overhead variances for a particular period.
|
Particular |
Details |
|
Number of budgeted working days |
25 |
|
Budgeted man hour per day |
6, 000 |
|
Output [budgeted] per man hours |
1 unit |
|
Fixed overhead cost as budgeted |
Rs.1, 50, 000 |
|
Actual number of working days |
27 |
|
Actual man hour per day |
6, 300 |
|
Actual output per man hour |
0.9 units |
|
Actual fixed overheads |
Rs.1, 56, 000 |
Calculate the following Fixed Overhead Variances
• Expenditure variance
• Calendar variance
• Capacity variance
• Efficiency variance
• Volume Variance
• Cost Variance