Variable production overhead total variance

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Reference no: EM13775620

During April, the actual production was 5,000 tons of the finished product and the costs incurred were:

Material A 4,870,000

Material B 13,125,000

Direct labour 580,000

Variable overheads 437,000

Fixed overheads 475,000

You are required to calculate:

(i) direct material total variance;

(ii) direct labour total variance;

(iii) variable production overhead total variance; and

(iv) fixed production overhead total variance (based on marginal costing principles).

Reference no: EM13775620

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