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the following information is available from the records of a manufacturing company u 626397

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

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