Q1. Prepare a Flexible budget for overheads on the basis of the following data. Ascertain the overhead rates at 70% and 80% capacity. Variable Overheads (60% capacity) Indirect Material = Rs. 6,000 Labour Rs. 18,000 Semi-variable overheads: Electricity (40% fixed) = Rs. 40,000 Repairs (80% fixed) = Rs. 2,400 Fixed Overheads: Depreciation = Rs. 16,500 Insurance Rs. 4,500 - Salaries= Rs. 20,000 Estimated Labour Hours = 15,000 hrs کے

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Q1. Prepare a Flexible budget for overheads on the basis of the following data.
Ascertain the overhead rates at 70% and 80% capacity.
Variable Overheads (60% capacity)
Indirect Material = Rs. 6,000
Labour Rs. 18,000
Semi-variable overheads:
Electricity (40% fixed) = Rs. 40,000
Repairs (80% fixed) = Rs. 2,400
Fixed Overheads:
Depreciation Rs. 16,500
Insurance Rs. 4,500
Salaries= Rs. 20,000
Estimated Labour Hours 15,000 hrs
H
=
Transcribed Image Text:Q1. Prepare a Flexible budget for overheads on the basis of the following data. Ascertain the overhead rates at 70% and 80% capacity. Variable Overheads (60% capacity) Indirect Material = Rs. 6,000 Labour Rs. 18,000 Semi-variable overheads: Electricity (40% fixed) = Rs. 40,000 Repairs (80% fixed) = Rs. 2,400 Fixed Overheads: Depreciation Rs. 16,500 Insurance Rs. 4,500 Salaries= Rs. 20,000 Estimated Labour Hours 15,000 hrs H =
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