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Question 9 Amewovi Ltd manufactures towels

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Question 9 Amewovi Ltd manufactures towels. It plans to produce 10,000 pieces of towels for the period ending December 2019. The standard fixed overhead cost for the manufacture of towels will therefore be as follows: 8hours at €3 per hour = C24 per unit and budgeted fixed overheard isc 60,000 Actual fixed overhead expenditure in for the same period is C70,000. The labour force manages to produce 5,800 packets of tooth pick in 16.000 hours of work. Calculate the following variances. (i) The Fixed overhead Expenditure variance (ii) The Fixed overhead Volume variance