The following figures are extracted from the books of a company: Budgeted overheads - 20,000 (Fixed - 12,000, Variable - 8,000) Budgeted output…
CA Intermediate · Cost and Management Accounting · MTP · May 2025
The following figures are extracted from the books of a company: Budgeted overheads - 20,000 (Fixed - 12,000, Variable - 8,000) Budgeted output 2,500 units Actual Overheads - 21,800 (Fixed - 11,800, Variable - 10,000) Actual output 3000 Variable Overheads and fixed overheads cost variance will be:
Suggested Answer and Working Notes:
Correct Answer: Option (A)
400 (A) and 2600 (F)
Topics: Budgets and Budgetary Control, Overheads - Absorption Costing Method
Related Questions in this Topic
- (a) You have been asked to install a costing system in a manufacturing company. What practical difficulties will you exp...
- Apex Mobility Systems Ltd. manufactures smart airport luggage carts used in major international airports. The company op...
- ABC Ltd., a mid-sized manufacturing company, has been facing frequent cost overruns and profit fluctuations over the pas...
- The following figures are extracted from the books of a company: Budgeted overheads ₹ 20,000 (Fixed ₹ 12,000, Variable ...
- A business manufactures a single product and is preparing its production budget for the year ahead. It is estimated that...