The data given below : Standard Actual Labour Hours 5,000 6,000 Variable Overheads ₹1,00,000 ₹1,10,000 Output (Units) 10,000 8,000 Variable Overhead Efficiency Variance will be:

CS Executive · Cost and Management Accounting · PYQS · December 2018
The data given below : Standard Actual Labour Hours 5,000 6,000 Variable Overheads ₹1,00,000 ₹1,10,000 Output (Units) 10,000 8,000 Variable Overhead Efficiency Variance will be:
(A) ₹10,000 (A)
(B) ₹40,000 (A)
(C) ₹30,000 (A)
(D) ₹30,000 (F)

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Standard Costing

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