Bharat Manufacturing Ltd manufactures the product DRYDRAP in standard batches of 100 units. A standard cost system is used. The standard costs for a batch are: The management has noted that actual...

Bharat Manufacturing Ltd manufactures the product DRYDRAP in standard batches of 100 units. A standard cost system is used. The standard costs for a batch are:

The management has noted that actual costs per batch deviate from standard costs. Make a variance analysis of the factory overheads by using the two-variance, three-variance and four-variance methods for overheads.