Assignment No. 2 Course Code: EACC506 Instructions: RegdNo. 321100105 Registration Number: Capacity a. Attempt all questions given below in your own handwriting. Assignment in typed format will not be considered for evaluation. b. The student has to complete the assignment in the allocated pages only. Any other page in case utilized shall not be considered. Q2. From the given details prepare a flexible budget at 70% and 90% plant capacity. Variable Overheads Indirect Labour at 80% plant capacity 12,000 Stores including Spares 4,000 Semi-Variable overheads Power: Fixed 6,000 Variable 14,000 Repairs and Maintenance Fixed 1,200 Variable 800 Fixed Overheads Depreciation 11,000 Insurance 3,000 Salaries 10,000 (A) Total Overheads 62,000 (B) Estimated Labour Hrs. 1,24,000 Direct Labour Hr Rate (A/B) 0.5000 [10 Marks] Signature of the Student Page 2 of 2