xtreme Ltd operates a standard costing system and absorbs fixed overheads on the basis of machine hours Details of budgeted and actual figures are as follows Budget Actual Fixed Overheads 2,500,000 2,010,000 Output 500,000 units 440,000 units Machine hours 1,000,000 hours 900,000 hours The fixed overhead expenditure variance is Answer 1Choose 190,000250,000300,000490,000500,000520,000100,000900,0001,000,000 Answer 2Choose FavourableAdverse The fixed overhead volume variance is Answer 1Choose 190,000250,000300,000490,000500,000520,000100,000900,0001,000,000 Answer 2Choose FavourableAdverse

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Question: xtreme Ltd operates a standard costing system and absorbs fixed overheads on the basis of machine hours. Details of budgeted and actual figures are as

xtreme Ltd operates a standard costing system and absorbs fixed overheads on the basis of machine hours.

Details of budgeted and actual figures are as follows:


	Budget	Actual
Fixed Overheads	2,500,000	2,010,000
Output	500,000 units	440,000 units
Machine hours	1,000,000 hours	900,000 hours

The fixed overhead expenditure variance is Answer 1Choose...190,000250,000300,000490,000500,000520,000100,000900,0001,000,000 Answer 2Choose...FavourableAdverse

The fixed overhead volume variance is Answer 1Choose...190,000250,000300,000490,000500,000520,000100,000900,0001,000,000 Answer 2Choose...FavourableAdverse

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