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Prepare a flexible budget for overheads on the basis of the following data. Ascertain the overhead rates at 90%, 80%, and 70% capacity. Variable overheads:
Prepare a flexible budget for overheads on the basis of the following data. Ascertain the overhead rates at 90%, 80%, and 70% capacity.
Variable overheads: At 70% Capacity
Material SR 14,000
Labor SR 21,000
Semi-Variable overheads:
Electricity (20% fixed, 80% variable) SR 28,000
Fixed Overheads:
Salaries SR 17,000
Depreciation SR 18,500
Insurance SR 3,500
Total overheads SR 102,000
Estimated Direct Labor Hours 34,000
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Governmental Accounting Auditing And Financial Reporting
Authors: Michele Mark Levine, Todd Buikema
10th Edition
0891250107, 978-0891250104
