Calculate the overhead variances of Changes Ltd The budget is prepared as (a) Total budgeted variable overhead 80,000 (b) Total budgeted fixed overhead 120,000 (c) Budgeted level of production activity 60,000 direct labour hours to produce 240,000 units The actual results turn out to be (d) Actual ...

To calculate the overhead variances for Changes Ltd you can use the following formulas Variable Overhead Spending Variance Variable Overhead Spending ...

Calculate the overhead variances of Changes Ltd. The budget is prepared as: (a) Total budgeted variable overhead;

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Calculate the overhead variances of Changes Ltd. The budget is prepared as:

(a) Total budgeted variable overhead; £80,000.

(b) Total budgeted fixed overhead; £120,000.

The actual results turn out to be:

(d) Actual variable overhead: £78,000.

(e) Actual fixed overhead: £104,000.

(f) Actual level of production activity was 64,000 direct labour hours which resulted in 236,000 units being produced.

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Frank Woods Business Accounting Volume 2

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10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Sep 10, 2023 10:20 AM

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Calculate the overhead variances of Changes Ltd. The budget is prepared as: (a) Total budgeted variable overhead;

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To calculate the overhead variances for Changes Ltd you can use the following formulas Variable Overhead Spending Variance Variable Overhead Spending ...View the full answer

Frank Woods Business Accounting Volume 2

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