A company’s annual expenditure budget for the year was set at `48,00,000. Accordingly, monthly budget was taken at `4,00,000. Standard output for the year, on a 300 working days basis, was 3,00,000...

A company’s annual expenditure budget for the year was set at `48,00,000. Accordingly, monthly budget was taken at `4,00,000. Standard output for the year, on a 300 working days basis, was 3,00,000 units, and standard overhead recovery rate was fixed on this basis. In February, there were 24 working days (28 days, less 4 Sunday). During this month production achieved was 23,000 units. Actual expenses in February totalled `4,10,000. Calculate total overhead variance, budget, efficiency, volume and calendar variances.