From the following information extracted from the books of a manufacturing company, calculate Fixed and Variable Overhead Variances.

Particulars

Budgeted

Actual

Production – Units

22, 000

24, 000

Fixed Overheads

Rs.44, 000

Rs.49, 000

Variable Overheads

Rs.33, 000

Rs.39, 000

Number of Days

25

26

Number of man hours

25, 000

27, 000