The following information is available from the records of a manufacturing company using standard costing system.
|
Particulars |
Standard |
Actual |
|
Production |
4,000 units |
3,800 units |
|
Working days |
20 |
21 |
|
Fixed overhead |
Rs.40, 000 |
Rs.39, 000 |
|
Variable overheads |
Rs.12, 000 |
Rs.12, 000 |
Calculate the following overhead variances
I] Variable overhead variance
II] Fixed overhead cost variance
III] Fixed overhead expenditure variance
IV] Fixed overhead volume variance
V] Fixed overhead efficiency variance
VI] Fixed overhead calendar variance