Labour efficiency variance680 flabour rate variance2040, Ask an Expert

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Labour Efficiency Variance=680 F

Labour Rate Variance=2040 F

Machine Efficiency Variance=2720 A

Machine Rate Variance= NIL

Fixed overhead expenditure var = 1700 (F)

Fixed overhead volume var = 1700 (A)

a) Explain the circumstances in each of the variance in hours and in costs. From the variances above, provide possible causes.

b) Explain the benefits of using multiple activity bases for variable cost absorption.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91585260

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