Factory overhead absorption rate of Ali Manufacturing Company is Rs. 3 per hour. Budgeted overhead for 10,000
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Question:
Factory overhead absorption rate of Ali Manufacturing Company is Rs. 3 per hour. Budgeted overhead for 10,000 hours per month is Rs. 30,000 and for 16,000 hours per month is Rs. 42,000. Actual factory overhead for the month is Rs. 44,000 and actual volume is 15,000 hours.
REQUIRED:
(1) Variable factory overhead rate.
(2) Budgeted fixed factory overhead.
(3) The capacity hours at which factory overhead applied rate is computed.
(4) Applied factory overhead.
(5) Under or overapplied factory overhead.
(6) Budget variance
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