Question
In a job order company, factory overheads are allocated
using machine hours. Actual overhead = ₹5 lakh, standard overhead based on actual hours = ₹6 lakh. What is the overhead variance?Solution
When actual overhead < absorbed overhead, it results in under-absorption. ₹6L (absorbed) – ₹5L (actual) = ₹1L under-absorbed.
MATCH THE COLUMN
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- In the following question, two columns are given containing three sentences/phrases each. In the first column, sentences/phrases are A, B, and C; in the se...
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In the following questions two columns are given containing three sentences/phrases each. In first column, sentences/phrases are A, B and C and in the ...
Match Column I and Column II and choose the correct match from the given choice
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Column (1)
You are required to match statements from columns 1 and 2 and find which of the following pairs of statement make sense meaningfully and gramm...
In the following questions, you will find two columns containing three sentences each. Column 1 consists of sentences A, B, and C, with one blank in on...
