Question: Exercise 2: Draw up a flexible budget for overhead expenses on the basis of the following data and determine the overhead rates at 70%, 80%

Exercise 2: Draw up a flexible budget for overhead expenses on

Exercise 2: Draw up a flexible budget for overhead expenses on the basis of the following data and determine the overhead rates at 70%, 80% and 90% plant capacity. At 80% Capacity OMR. Variable Overheads: Indirect labor 12,000 Stores including spares 4,000 Semi-variable Overheads: Power (30% fixed, 70% variable) 20,000 Repairs and maintenance (60% fixed, 40% variable) 2,000 Fixed Overheads: Depreciation 11,000 Insurance 3,000 Salaries 10,000 Total Overheads 62,000 Estimated direct labor hours 1,24,000 hrs

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Exercise 2: Draw up a flexible budget for overhead expenses on the basis of the following data and determine the overhead rates at 70%, 80% and 90% plant capacity. Variable Overheads: Indirect labor...

managment accounting Exercise 2: Draw up a flexible budget for overhead expenses on the basis of the following data and determine the overhead rates at 70%, 80% and 90% plant capacity. At 80%...

Exercise 2: Draw up a flexible budget for overhead expenses on the basis of the following data and determine the overhead rates at 70%, 80% and 90% plant capacity At 80% Capacity OMR. Variable...

The budgeted expenses for the production of 10,000 units in a factory are furnished below: Prepare a budget the production of 8,000 units. [Ans. Cost per unit 159.58 ; Total Cost 12,76,700 ] Hint:...

Draw up a Flexible Budget for overhead expenses on the basis of the following data and determine the overhead rates at 70%,80% and 90% plant capacity levels. At 80% capacity Variable overheads:...

Draw up a flexible budget for overhead expenses on the basis of the following data and determine the overheads rates at 70%, 80% and 90% plant capacity: At 70% capacity At 80% capacity At 90%...

Draw up a flexible budget for overhead expenses on the basis of the following data at 70%, 80% and 90% plant capacity. Pg. 194 At 70% At 80% At 90% Capacity Capacity Capacity (Rs.) (Rs.) (Rs.) Rs....

problem 5 Draw up a flexible budget for overhead expenses on the basis of the following data and determine the overhead rates at 70%,80% and 900/0 plant capacity. At 80% capacity Variable overheads:...

3. Prepare a flexible budget for overhead expenses on the basis of the following data and determine the overhead rates at 70%, 80% and 90 % plant capacity. Draw up a flexible budget for overhead...

3. Prepare a flexible budget for overhead expenses on the basis of the following data and determine the overhead rates at 70%,80% and 90% plant capacity. Draw up a flexible budget for overhead...

Calculate the maximum value of the cooling load caused by 100 m2 south glass windows for a location where the latitude angle is 32 N. The inside design temperature Ti, is 20 C and the outside mean...

Both Starcents and Jpod have the same return standard deviation of 20 percent, and Starcents and Jpod returns have a correlation of 1. You invest half your funds in Starcents and the other half in...

i What does the phrase 'poor, wretched coop of a room' suggest about the home being described? Name the literary device used in your answer. ii What are the connotations of the word 'shack' being...

Demonstrate the ability to formulate marketing strategies that incorporate psychological and sociological factors which influence consumers decision. CLO-3 Develop critical and analytical thinking...

Positive effect on trusting others, and also improvements in the final results.

1. Discuss the following statements: a) Local links generate collective behaviours. b) An unfamiliar system will be described as chaotic by the ignorant. c) When we see that something is happening,...

2. In this chapter, the reader should reflect on the following concepts: Linear relationships, circular relationships, patterns, critical variables and sociological laws.