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Fixed Overhead Variance - Part 2


In this part of lecture, you will understand calendar variance, efficiency variance and capacity variance





a) Calendar Variance

It is the difference of actual production days and standard production days with same standard rate per hour of fixed overhead.

b) Capacity Variance

Capacity variance is the difference between actual working hours for production and standard working hours of actual days with same standard rate per hour of fixed overhead.

c) Efficiency Variance

Efficiency variance is the difference between standard working hours of actual output and actual hours of working with same standard rate per hour of fixed overhead.

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