Total variable overheads variances, Cost Accounting

Total Variable Overheads Variances

 If Variable Overhead Expenditure Variance =  Shs.1, 330

Variable Overhead Efficiency Variance = Shs.320

Then total variable overheads variances is:

 

= Variable Overhead Expenditure Variance + Variable Overhead Efficiency Variance

= Shs.1, 330 (U) + Shs.320 (F) = Shs.1, 010 (U)

It can also be directly obtained with calculating the difference between the production cost absorbed and the actual variable overheads costs incurred in variance overheads as:

That is shs.13, 930 - (3,230 x 4) = Shs.13, 930 - Shs.12,920

                                                = Shs.1, 010 (U)

Posted Date: 2/7/2013 7:17:22 AM | Location : United States







Related Discussions:- Total variable overheads variances, Assignment Help, Ask Question on Total variable overheads variances, Get Answer, Expert's Help, Total variable overheads variances Discussions

Write discussion on Total variable overheads variances
Your posts are moderated
Related Questions
Incremental Costs as Relevant Costs An incremental cost is specifically incurred with the following a course of action and ignorable if such action is not implemented. It cont

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4 Variable costs are those

what is the purpose of cost accounting and its nat ure?

A company is to produce an IC and a chip size of 120mm2 has been estimated, based on using a full-custom nMOS technology on 8" wafers. The process has a 92% yield at the wafer fab

Cost - Terms Used in Cost Accounting It measures the economic sacrifice created to achieve an organizations aims. For a product, cost represents the monetary measurement of re

Outdoors R Us owns several membership-based campground resorts throughout the Southwest. The company sells campground sites to new members, usually during a get-acquainted visit an

what would your answer be to the following problem, please show detailed calculations: The XYZ Company manufacturers Part 123 for use in its production line. The manufacturering co

Cost Accounting advantage and features

Outdoor Travel Inc. needs to estimate the cost of capital for the evaluation of capital expenditures. A typical project is financed with 25% debt-to-value ratio (i.e., D/(D+E) =

Advantages and Disadvantages of Uniform Costing Advantages 1. It enables costs to be compared simply 2. It makes it easier to computerize the accounting system of d