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Prepare a flexible budget for overheads on the basis of the following data and ascertain overhead rates at 50%, 60% and 70% capacity Variable overheads: Indirect material Indirect labour Semi-variable overheads: Electricity (40 % fixed 60% variable) Repairs (80% fixed 20% variable) Fixed overheads: Depreciation Insurance Salaries Total overheads Estimated direct labour hours At 60% capacity Rs 6,000 18,000 30,000 3,000 16,500 4,500 15,000 93,000 1,86,000

Prepare a flexible budget for overheads on the basis of the following data and ascertain overhead rates at 50%, 60% and 70% capacity Variable overheads: Indirect material Indirect labour Semi-variable overheads: Electricity (40 % fixed 60% variable) Repairs (80% fixed 20% variable) Fixed overheads: Depreciation Insurance Salaries Total overheads Estimated direct labour hours At 60% capacity Rs 6,000 18,000 30,000 3,000 16,500 4,500 15,000 93,000 1,86,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Prepare a flexible budget for overheads on the basis of the following data and ascertain overhead rates at 50%, 60% and 70% capacity Variable overheads: Indirect material Indirect labour Semi variable overheads: Electricity (40 % fixed 60% variable) Repairs (80% fixed 20% variable) Fixed overheads: Depreciation Insurance Salaries Total overheads Estimated direct labour hours At 60% capacity Rs 6,000 18,000 30,000 3,000 16,500 4,500 15,000 93,000 1,86,000
Transcribed Image Text:Prepare a flexible budget for overheads on the basis of the following data and ascertain overhead rates at 50%, 60% and 70% capacity Variable overheads: Indirect material Indirect labour Semi variable overheads: Electricity (40 % fixed 60% variable) Repairs (80% fixed 20% variable) Fixed overheads: Depreciation Insurance Salaries Total overheads Estimated direct labour hours At 60% capacity Rs 6,000 18,000 30,000 3,000 16,500 4,500 15,000 93,000 1,86,000
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