Budgeted fixed factory overhead of Rehan Limited is Rs.50,000 per month and variable overhead is...
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Accounting
Budgeted fixed factory overhead of Rehan Limited is Rs.50,000 per month and variable overhead is budgeted as Rs. 12 per machine hour. The budgeted volume is 5,000 machine hours per month. Factory worked for 6,000 hours during January and actual factory overhead totaled Rs. 116,000. Required: calculate the followings: 1. Total Variance 2. Volume Variance 3. Budget Variance
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