Standard costing

Costing

What is the formula for capacity variance and calendar variance under fixer overhead?

Sri Yoga Vishwa. P

CA Final

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27-Oct-21 20:32

622

Answers (6)

Capacity var = FO4 - FO3 Calendar var = FO3 - FO2

Himanshu Somani

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27-Oct-21 22:29

Himanshu Somani

Capacity var = FO4 - FO3 Calendar var = FO3 - FO2

What do you mean by FO4 FO3,FO2?

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Sri Yoga Vishwa. P

CA Final

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28-Oct-21 21:49

Thread Starter

Sri Yoga Vishwa. P

What do you mean by FO4 FO3,FO2?

You might be following icai method . Just Ignore the above as it is based on models approach

Himanshu Somani

CA Final

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28-Oct-21 22:08

1. Capacity Variance - SR (AH-BH) 2. Calendar Variance - Standard Rate per Day (Actual working days - Budgeted working days)

Yoga Vishnu

CA Final

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29-Oct-21 10:44

Yoga Vishnu

1. Capacity Variance - SR (AH-BH) 2. Calendar Variance - Standard Rate per Day (Actual working days - Budgeted working days)

How can we find out revised budgeted hours?

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Sri Yoga Vishwa. P

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01-Nov-21 20:38

(Budgeted hours/Budgeted days) x Actual days

Yoga Vishnu

CA Final

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02-Nov-21 11:03