Test your understanding 7 The budgeted output for Carr Ltd for May was 1,000 units of...
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Test your understanding 7 The budgeted output for Carr Ltd for May was 1,000 units of product A. Each unit requires two direct labour hours. Variable overheads are budgeted at $3/labour hour. Actual results: Output Labour hours worked Variable overheads Required: 900 units 1,980 hours $5,544 Calculate variable overhead total, expenditure and efficiency variances. Test your understanding 7 The budgeted output for Carr Ltd for May was 1,000 units of product A. Each unit requires two direct labour hours. Variable overheads are budgeted at $3/labour hour. Actual results: Output Labour hours worked Variable overheads Required: 900 units 1,980 hours $5,544 Calculate variable overhead total, expenditure and efficiency variances.
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