Question

ACTUAL VARIABLE OVERHEAD = 10000
BUDGETED VARIABLE OVERHEAD = 12000
BUDGETED PRODUCTION = 500
ACTUAL PRODUCTION = 450
ACTUAL HOURS = 200
STANDARD TIME FOR 1 UNIT = 30 MINUTES
FIND VARIABLE OVERHEAD EFFICIENCY VARIANCE

Answer 1

1. ACTUAL VARIABLE OVERHEAD = 10000
2. BUDGETED VARIABLE OVERHEAD = 12000
3. BUDGETED PRODUCTION = 500
4. ACTUAL PRODUCTION = 450
5. ACTUAL HOURS = 200
6. STANDARD TIME FOR 1 UNIT = 30 MINUTES

TIME FOR 1 UNIT = 30MIN

THEN.,5 UNITS = 30×5

= 35

Answer 2

Explanation:

time for 1 unit =30min

then., 5 units =30×5

=35