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) Repairs and maintenance (60% fixed, 40% variable) 20,000 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.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
4,000
Stores including spares
Semi-variable Overheads:
Power (30% fixed, 70% variable)
20,000
Repairs and maintenance (60% fixed, 40% variable)
2,000
Fixed Overheads:
11,000
Depreciation
3,000
Insurance
10,000
Salaries
62,000
Total Overheads
1,24,000 hrs.
Estimated direct labor hours
W
Transcribed Image Text:Chapter 3- Budgeting - Microsoft PowerPoint (Product Activation Failed) Slide Show Review View A A 三、证、请一机。 Aal IlA Text Direction- 4. A Shape Fill - pe AV- Aa Align Text - Shape Outline - M - Arrange Quick Styles- Convert to SmartArt- Shape Effects - Paragraph Drawing 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 4,000 Stores including spares Semi-variable Overheads: Power (30% fixed, 70% variable) 20,000 Repairs and maintenance (60% fixed, 40% variable) 2,000 Fixed Overheads: 11,000 Depreciation 3,000 Insurance 10,000 Salaries 62,000 Total Overheads 1,24,000 hrs. Estimated direct labor hours W
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