00:01
So here in the question, we have to find some missing values from the given information.
00:08
So let's find it one by one.
00:12
We have to calculate number one is standard variable standard variable overhead rate per machine are per machine are so how we can calculate it to four nine seven five divided by 10 ,000.
00:36
So we got two point five zero dollar now.
00:43
Our next value is tool machine are actual machine are per unit output how we can identify it.
00:58
Sixty eight thousand six hundred divided by ten thousand.
01:03
So we got this value is six point eight six now budget fixed overhead budgeted fixed overhead is equals to fifty thousand dollar actual fixed overhead actual fixed overhead is equals to fifteen thousand dollar this we can find from the above information now budgeted production budgeted production in units is equals to ten thousand now actual production unit is nine thousand eight hundred fifty now, let's variable next value is variable overhead pending variable variable overhead.
02:19
Let's do it like it clearly.
02:26
So variable overhead pending variance pending variance is equals to eighteen thousand five hundred minus fifteen thousand one hundred twenty five.
02:50
So we got here six thousand three hundred seventy five dollar which is unfavorable unfavorable.
03:01
Now, let's move towards the next missing value, which we have to find is variable overhead efficiency variance how we can found it six point eight six minus ten multiply by two point fifty dollar.
03:33
So we got it two thousand seven hundred twenty dollar which is favorable.
03:44
Now next value is fixed overhead budget variance budget variance is equals to fifty thousand minus fifteen thousand...