mean?
- In This Example What Did The Variances Actually Mean 1 (24.92 KiB) Viewed 63 times
In this example, what did the variances actually mean?
-
answerhappygod
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
In this example, what did the variances actually mean?
In this example, what did the variances actually
mean?
Actual Fixed Overhead Incurred Fixed Overhead Budget Fixed Overhead Applied $20 (given) х 21,000* $420,000 $410,000 $450,000 Fixed OH exp variance $40,000 favourable Fixed OH Volume variance $30,000 Unfavourable * *0.75 hrs p.u. x 28,000 units = 21,000 st. hours
mean?
Actual Fixed Overhead Incurred Fixed Overhead Budget Fixed Overhead Applied $20 (given) х 21,000* $420,000 $410,000 $450,000 Fixed OH exp variance $40,000 favourable Fixed OH Volume variance $30,000 Unfavourable * *0.75 hrs p.u. x 28,000 units = 21,000 st. hours