A has a normal capacity of 120 machines, working 8 hrs per day of 25 days in a month. company The fixed overheads are budget @²1,44,000 per month. The standard time required to manufacture one unit of product is 4 hrs. The company worked 24 days of 840 machine hrs per day produced 5,305 units of output. The actual fixed overheads were 31,42,000. Compute : (i) Expenses variance,(ii) Volume variance,(iii) Total fixed overhead variance

A has a normal capacity of 120 machines, working 8 hrs per day of 25 days in a month. company The fixed overheads are budget @²1,44,000 per month. The standard time required to manufacture one unit of product is 4 hrs. The company worked 24 days of 840 machine hrs per day produced 5,305 units of output. The actual fixed overheads were 31,42,000. Compute : (i) Expenses variance,(ii) Volume variance,(iii) Total fixed overhead variance

Name: ProblemA company has a normal capacity of 120 machines, working 8 hrs
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Description: ProblemA company has a normal capacity of 120 machines, working 8 hrs per day of 25 days in a month.The fixed overheads are budget @1,44,000 per month. The standard time required tomanufacture one unit of product is 4 hrs. The company worked 24 days

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 12PA: ABC Inc. spent a total of $48,000 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc....

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