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Calculate fixed manufacturing overhead volume variance

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Reference no: EM132568350

The following information is for Anonaya Gardens Company : The company uses the standard costing system. The standard for Product Z are as follows

Material                         4 kilograms at R2. 50 per kilogram

Labour                           4 hours at R50 per hour

Variable overheads           R20 per labour hour

Fixed overheads               R24 000

Normal production             24 000 units per month

Actual information for the month September 2019 is :

Material                               81 000 kilograms at R2.50 per kilogram

Labour                                 78 000 hours at R48 per hour

Variable overheads                  R22 per labour hour

Fixed overheads                     R26 500

Production                            20 000 units

Required

Question 1: Calculate the material quantity variance.

Question 2: Calculate the variable manufacturing overhead efficiency variance.

Question 3: Calculate fixed manufacturing overhead volume variance.

Reference no: EM132568350

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