You are given the following data: Standard fixed overhead rate per hour ₹5 Actual fixed cost ₹1,00,000 Standard production 19,000 units Actual production 20,000 units What will be the Fixed Overhead Efficiency Variance?
CS Executive · Cost and Management Accounting · PYQS · December 2020
You are given the following data: Standard fixed overhead rate per hour ₹5 Actual fixed cost ₹1,00,000 Standard production 19,000 units Actual production 20,000 units What will be the Fixed Overhead Efficiency Variance?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Standard Costing
Related Questions in this Topic
- 90. Statement I : Standard cost is a pre-determined cost. Statement II : All pre-determined costs are standard in nature...
- 89. Overhead cost variance is ₹9,000 (A), overhead expenditure variance is ₹2,000 (A) and overhead efficiency variance i...
- 81. The following are relating to Job No. 102: Standard hours planned 40.0 Actual hours worked 36.5 Standard wage rate ₹...
- 52. Which of the following is not a reason for an idle time variance ?
- 51. Examine the following relating to Job No. 100: Standard hours planned 104.50 Actual hours worked 101.25 Standard wag...