PQR Ltd. has normal monthly machine hour capacity of 120 machines working 8 hours per day for 25 working days in a month. The budgeted fixed overhead is ₹3,00,000. The actual production was 4,500 units. The actual fixed
CS Executive · Cost and Management Accounting · PYQS · June 2019
PQR Ltd. has normal monthly machine hour capacity of 120 machines working 8 hours per day for 25 working days in a month. The budgeted fixed overhead is ₹3,00,000. The actual production was 4,500 units. The actual fixed overhead was ₹3,20,000. Expenditure variance = ?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Standard Costing
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