Question No. 3.

10 points 1. Give three examples of each of the following: a. Fixed factory Overhead, b. Variable factory Overhead, c. Partly Variable Overhead 1 Add File 75 points 2. Two components A & B are used as follows: a. Normal usage 60 per week each, b. Minimum usage 30 per week each, c. Maximum usage 90 per week each, d. Re-ordering quantity A: 500, B: 800, e. Re-order period A: 3to5 weeks; B: 2to4 weeks. Calculate for each item: a. Re-ordering level. b. Minimum level c. Maximum level * 1 Add File 3. Calculate the Raw Material Produced: a. Opening Stock of Raw Material 5 points Rs 20000, b. Closing Stock of Raw Material Rs 30000, c. Direct Wages Rs 210000, d. Factory Overhead 60 % of Direct Wages, e. General Overhead 10% of Works Cost, f. Cost of Production Rs 6886001 REDMI PRO AL TRIPLE CAMERA