Fixed overhead variances


Wonder if someone could help me with the expenditure variance for the below:

Budgeted production is 10,000 units @ 6 hours per unit with a labour cost of 5 pounds per hour

Actual production is 11,500 units using 70,150 hours at a total cost of 343,735

Overheads are apportioned on the basis of budgeted total labour hours. Total fixed overheads are budgeted at 600,000 with actuals of 630,000

Any general tips on understand these would be appreciated!!


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