B) The following information relates to a flexible budget at 60% capacity. Find out the overhead costs at 50% and 70% capacity and also determine the overhead rates: Particulars Expenses at 60% capacity Variable overheads: Indirect Labour Indirect Materials Semi-variable overheads: Repair and Maintenance (70% fixed; 30% variable) Electricity (50% fixed; 50% variable) Fixed overheads: Office expenses including salaries Insurance Depreciation Estimated direct labour hours 10,500 8,400 7,000 25,200 70,000 4,000 20,000 1,20,000 hours

B) The following information relates to a flexible budget at 60% capacity. Find out the overhead costs at 50% and 70% capacity and also determine the overhead rates: Particulars Expenses at 60% capacity Variable overheads: Indirect Labour Indirect Materials Semi-variable overheads: Repair and Maintenance (70% fixed; 30% variable) Electricity (50% fixed; 50% variable) Fixed overheads: Office expenses including salaries Insurance Depreciation Estimated direct labour hours 10,500 8,400 7,000 25,200 70,000 4,000 20,000 1,20,000 hours

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Description: Please do not give solution in image format thanku B) The following information relates to a flexible budget at 60% capacity. Find out the overhead costs at 50%and 70% capacity and also determine the overhead rates:ParticularsExpenses at60% capacityV

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...

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JPB Company has the following information regarding overhead for the current year
merica AS... arki Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Production (in units) Overhead Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Variable overhead Fixed overhead Total overhead Flexible Budget at 80% Capacity 53,250 1. Standard overhead rate 2. Standard overhead applied 3. Overhead variance $ 292,875 53,250 $ 346,125 Actual Results 49,200 $ 347,900 Saved Exercise 23-17 (Algo) Computing standard overhead rate and total overhead variance LO P4 1. Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 26,625 DLH, computed as 53,250 units x 0.5 DLH per unit. 2. Compute the standard overhead applied. 3. Compute the total overhead variance. Note: Indicate the effect…
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Please do not give solution in image format thanku