A company manufacturing two products operates a standard costing system. The standard overhead content of each production in cost centre 101 is: Product A, `240 (8 direct labour-hours @ `30 per hour)...

A company manufacturing two products operates a standard costing system. The standard overhead content of each production in cost centre 101 is: Product A, `240 (8 direct labour-hours @ `30 per hour) Product B, `180 (6 direct labour-hours @ `30 per hour) The rate of `30 per hour is arrived at as follows Budgeted overheads, `57,000 Budgeted direct labour-hours, 1,900 For the month of October, the following data was recorded for cost centre 101: Output of product A, 100 units Output of product B, 200 units No opening or closing stock Actual direct labour-hours worked, 2,320 Actual overheads incurred, `64,000 1. You are required to calculate total overhead variance for the month of October. 2. Show its division into (a) Overhead expenditure variance, (b) Overhead capacity variance, (c) Overhead efficiency variance.