From the following information compute: (i) Spending variance, (ii) Idle capacity variance, (iii) Efficiency variance. Normal capacity, 12,000 hours Fixed expenses, `10,00,000 Variable expenses (at...

From the following information compute: (i) Spending variance, (ii) Idle capacity variance, (iii) Efficiency variance. Normal capacity, 12,000 hours Fixed expenses, `10,00,000 Variable expenses (at normal capacity), `14,00,000 The plant worked for 11,280 actual hours, executing work for which 11,400 hours were allowed. Actual factory overhead expenses amounted to `23,17,500.