Answered step by step
Verified Expert Solution
Question
1 Approved Answer
No. 2 Prepare a Flexible budget for overheads on the basis of the following data. Ascertain t he overhead rates at 50% and 60% capacity.
No. 2 Prepare a Flexible budget for overheads on the basis of the following data. Ascertain t he overhead rates at 50% and 60% capacity. (7.5 Marks) Variable overheads: At 60% capacity (OMR) Indirect Material 6,000 Labour 18,000 Semi-variable overheads: Electricity: (40% Fixed & 60% variable) 30,000 Repairs: (80% fixed & 20% Variable) 3,000 Fixed overheads: Depreciation 16,500 Insurance 4,500 Salaries 15,000 Total overheads 93,000 Estimated direct labour hours 1,86,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started