Accountancy Forum

I am facing difficulty in solving the following problem if some one
knows the proper solution kindly post to the group forum.


question
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The following information is available about an organization and its
products.
Budgeted fixed overhead £150,000
Budgeted number of units of product A 4,000
Budgeted number of units of product B 7,000
Standerd hours for production of a unit of A 2
Standerd hours for production of a unit of B 1
Actual overhead £154,000
Actual hours worked 14,000
Actual units produced A 3,600
Actual units prodused B 7,500
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Required
(a) Calculate the total overhead variance.
(b) Calculate the expenditure and volume varainces
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Regards,
Zain

Posted in the wrong forum.

Post this question in the students section so that you might get a better response.

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