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 of 840 machine hrs perday produced 5,305 units of output. The actual fixed overheads were 1,42,000.Compute :Efficiency variance, (ii) Capacity variance, (iii) Calender variance,(iv) Expenses variance,(v) Volume variance,(vi) 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

Variance:- It occurs when there is a difference between actual performance and Standard Performance.…

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A company has a normal capacity of 120 machines, working 8 hrs per day of 25 days in a month. The fixed overheads are budget @R1,44,000 per month. The standard time required to manufacture one unit of product is 4 hrs. The company worked 24 days of 840 machine hrs day produced 5,305 units of output. The actual fixed overheads were 1,42,000. Compute : Efficiency variance, (ii) Capacity variance, (iii) Calender variance, (iv) Expenses variance,(v) Volume variance,(vi) Total fixed overhead variance per

A company has a normal capacity of 120 machines, working 8 hrs per day of 25 days in a month. The fixed overheads are budget @R1,44,000 per month. The standard time required to manufacture one unit of product is 4 hrs. The company worked 24 days of 840 machine hrs day produced 5,305 units of output. The actual fixed overheads were 1,42,000. Compute : Efficiency variance, (ii) Capacity variance, (iii) Calender variance, (iv) Expenses variance,(v) Volume variance,(vi) Total fixed overhead variance per

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead

Section: Chapter Questions

Problem 21E: Georgia Gasket Co. budgets 8,000 direct labor hours for the year. The total overhead budget is...

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