Question: Using the data in Exercise 2, calculate the variances relating to variable and fixed overheads. Data From Exercise 2:- The following figures relate to the

Using the data in Exercise 2, calculate the variances relating to variable and fixed overheads.

Data From Exercise 2:-

The following figures relate to the Milling Department:

Budget Fixed overheads 2,500 Variable overheads 1,550 Hours 650 Actual Fixed overheads

Budget Fixed overheads 2,500 Variable overheads 1,550 Hours 650 Actual Fixed overheads 2,625 Variable overheads 1,710 Clock hours 625 Standard hours produced 680

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