dpw wrote: »
more info, I have the answers but not the method
Budgeted overheads are £50,000
Budgeted output 5,000 units and 50,000 labour hours
Actual output is 4,000 units and 43,000 labour hours
Actual overheads are £55,000
Q1. The fixed overhead efficiency variance is ?
Q2. The fixed overhead capacity variance is ?
Jonno1 wrote: »
Sandy Hood did a good paper explaining in layman's terms the various variances. I accessed it when I was revising for management accounting papers late last year. Type her name into the search engine to find her posts.