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I got 33 % ATX I don’t understand someone help I did maybe 90% of the questions on the practice platform.
Where am I going wrong
Passed with 50% that was close .All my marks have been under 59 .How can I get to 60,70,80?
Passed with 55 First attempt.Done with Skills papers thank God and thanks to Open tuition.
Fixed Overhead expenditure Variance………………Simply looks at spending(dollars$$$) on fixed overhead. Did we spend more on overhead than planned .Examples of increased spending (increase in rent,management salary,licence)
Using your question Budget Overhead expenditure missing but Actual Overhead Expenditure is 8500.
Fixed overhead expenditure= Budget Fixed Overhead-Actual Fixed Overhead)
What makes the lab-our cost
1 Labour Hours themselves
2 The rate at which the hours are paid.
3 The hours expected that our employees wont be doing work (idle time)According to the question The standard or budget says it takes 6 hrs to make to make a unit however 20% idle time.What this means is you as Management Accountant preparing a budget u know getting the product done will take employees 6 hrs however u know your employee will be probably chatting discussing their issues such that 6 hr job will end up taking 6 hrs +iddle time.As this is normal that means you have to pay them for the 6 hrs +idle time.
Note iddle time is not 20% of 6 .It is number hours that if we remove 20% we he get 6hrs