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(Solution) - The following information relates to Osprey Limited Budgeted pr

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The following information relates to Osprey Limited:
Budgeted production: 500 units.
Standard hours per unit: 10.
Actual production: 600 units.
Budgeted fixed overhead: £125,000.
Actual fixed overhead: £120,000.
Actual hours worked: 4900.

Calculate the following fixed production overhead variances:
(a) Total
(b) Expenditure
(c) Volume.


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This question was answered on: Jul 11, 2017

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