you are required to workout the relevant variances 621622
AB Co. Ltd is having a Standard Costing System in operation for quite some time. The following data relating to the month of April 1994 are available from the cost records:
|
|
Budgeted |
Actual |
|
Output (units) |
30,000 |
32,500 |
|
Operating hours |
30,000 |
33,000 |
|
Fixed Overheads (Rs.) |
45,000 |
50,000 |
|
Variable Overheads (Rs.) |
60,000 |
68,000 |
|
Working Days |
25 |
26 |
You are required to workout the relevant variances.