Question
In a manufacturing company, budgeted production is
10,000 units and budgeted fixed overheads are ₹5,00,000. If actual output is 12,000 units, what is the fixed overhead volume variance?Solution
Fixed OH rate = ₹5,00,000 / 10,000 = ₹50 Variance = (12,000 – 10,000) × ₹50 = ₹1,00,000 Favourable
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