Question 16.TQ.8 : The following overhead budget has been prepared for Anthea L...

Accounting for Non-Accounting Students

The following overhead budget has been prepared for Anthea Limited:

Actual fixed overhead: £150,000.
Budgeted fixed overhead: £135,000.
Fixed overhead absorption rate per hour: £15.
Actual hours worked: 10,000.
Standard hours of production: 8000.

Required:
Calculate the following fixed production overhead variances:

(a) total
(b) expenditure
(c) volume.

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