The following overhead budget has been prepared for Anthea Limited: Actual fixed overhead: 150,000. Budgeted fixed overhead:
Question:
The following overhead budget has been prepared for Anthea Limited:
Actual fixed overhead: £150,000.
Budgeted fixed overhead: £135,000.
Fixed overhead absorption rate per hour: £15.
Actual hours worked: 10,000.
Standard hours of production: 8000.
Required:
Calculate the following fixed production overhead variances:
(a) Total
(b) Expenditure
(c) Volume.
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Overhead variances for Anthea Limited a Fixed production overh...View the full answer
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