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Calculate the variable manufacturing efficiency variance

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Reference no: EM132568343

The following information is for AgriCool Finance

A manufacture that manufactures AgriCool Finance provides the following information for April 2020

Budget figures

Variable manufacturing overheads R36 000

Fixed manufacturing overheads R86 400

Expected production 1 800 units

Labour hours 7 200

Actual results

Variable manufacturing overheads R34 443

Fixed manufacturing overheads R89 784

Actual production 1 890 units

Labour hours worked 7 740

Required:

Question 1: Calculate the variable manufacturing efficiency variance.

Question 2: Calculate the fixed manufacturing volume variance.

Reference no: EM132568343

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