Following information is given : Standard fixed overheads rate per hour: ₹5 Budgeted hours: 12,500 Standard number of working days: 25 Actual hours: 11,500 Actual number of working days: 22 Calendar variance will be —

CS Executive · Cost and Management Accounting · PYQS · June 2016
Following information is given : Standard fixed overheads rate per hour: ₹5 Budgeted hours: 12,500 Standard number of working days: 25 Actual hours: 11,500 Actual number of working days: 22 Calendar variance will be —
(A) 2,840 (A)
(B) 5,000 (A)
(C) 2,500 (A)
(D) 7,500 (A).

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Overhead Costing

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