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please solve this please solve this

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  #1  
Old Saturday, November 22, 2014
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Default please solve this
2009. P2. Q2??? any body there to solve it?
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  #2  
Old Thursday, November 27, 2014
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Actual factory overhead .................................................. ..............Rs:63,100/-
Budgeted allowance based on actual hours worked:
Fixed expenses budgeted (w1).............................Rs: 40000/-
Variable expenses (W2)........................................Rs: 21000/-.............Rs: 61,000/-
.................................................. ........................__________..........______ ____
Spending variance.......................................... ...................................Rs: 2100/- unfav


Working 1
variable factory overhead
3 per hour* 1/3 = Rs: 1

So the fixed portion is 3-1=2
fixed expense budgeted is estimated hrs*rate or 20000 hrs * 2 = 40000

working 2
variable expenses
actual hours * rate or 21000 hrs * 1 = 21000
Last edited by Abdullah 88; Thursday, November 27, 2014 at 04:16 AM. Reason: mistake in calculation
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Old Thursday, November 27, 2014
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Quote:
Originally Posted by Abdullah 88 View Post
Actual factory overhead .................................................. ..............Rs:63,100/-
Budgeted allowance based on actual hours worked:
Fixed expenses budgeted (w1).............................Rs: 40000/-
Variable expenses (W2)........................................Rs: 21000/-.............Rs: 61,000/-
.................................................. ........................__________..........______ ____
Spending variance.......................................... ...................................Rs: 2100/- unfav


Working 1
variable factory overhead
3 per hour* 1/3 = Rs: 1

So the fixed portion is 3-1=2
fixed expense budgeted is estimated hrs*rate or 20000 hrs * 2 = 40000

working 2
variable expenses
actual hours * rate or 21000 hrs * 1 = 21000
what is idle variance?
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  #4  
Old Sunday, December 14, 2014
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Quote:
Originally Posted by asddsa View Post
what is idle variance?
idle variance is created when, machines are out of power or labour go on strike in the working hours .... these free hours give rise to idle variance !!
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