From the following information, calculate the amount of Variable OH per unit & amount of Total Fixed OH for the whole year. 1st Apr to 30th Jun 10,000 40,000 Particulars Output (units) Total Overheads (Rs.) 1st Jul to 31st Mar 35,000 1,35,000

From the following information, calculate the amount of Variable OH per unit & amount of Total Fixed OH for the whole year. 1st Apr to 30th Jun 10,000 40,000 Particulars Output (units) Total Overheads (Rs.) 1st Jul to 31st Mar 35,000 1,35,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit. Overhead expenses depend upon the nature of the business operations.

Question

From the following information, calculate the amount of Variable OH per unit & amount of Total Fixed OH for the whole year.
1st Apr to 30th Jun
10,000
40,000
Particulars
1st Jul to 31et Mar
Output (units)
Total Overheads (Rs.)
35,000
1,35,000

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