Q. Given budgeted output, number of working days, fixed overheads and variable overheads are 15,000 units, 25, Rs 30,000 and Rs 45,000 respectively. The actual output, number of working days, fixed overheads and variable overheads are 16,000 units, 27, Rs 30,500 and Rs 47,000, respectively. The increase in capacity is 5%. Determine variable overhead expenditure variance and fixed overhead variance, respectively.
a. Rs 1,500 and Rs 1,000 favorable
b. Rs 1,500 and Rs 1,000 unfavorable
c. Rs 1,000 and Rs 1,500 unfavorable
d. Rs 1,000 and Rs 1,500 favorable
No explanation is available for this question!