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The following facts have been extracted from the standard cost card for product X: Rs./unit Variable overhead 4 machine hours @ Rs.8.00/hour 32.00 2 labour hours @ Rs. 4.00/ hour 8.00 Fixed overhead 20.00 During October 20X7, 5,450 units of the product were made compared with a budgeted production target of 5,500 units. The actual overhead costs incurred were: Rs.
Machine-related variable overhead 176,000 Labour-related variable overhead 42,000 Fixed overhead 109,000 The original number of machine hours was 22,000 and the real number of labour hours was 10,800. Requirements: (a) Measure the overhead cost variances in as much detail as possible from the data given(b) Describe the meaning of, and discuss the variable overhead variances that you have calculated. .
Budgetary Planning and Control Budgeting refers to the process of quantifying the plans of an organization such as to enable it get its objectives in the defined duration. Th
Long-Term Liabilities: These are usually for more than one year. They cover almost all the outsider's liabilities not comprised in the current liabilities and provisions. Such
ANNUAL DEMAND = 2400 UNITS ORDERING COST PER UNIT = RS.4.00/- UNIT PRICE = RS 2.40/- STORAGE COST = 2% P.A INTEREST RATE = 10 % P.A LEAD TIME = HALF MONTH CALCULATE ECONOMIC ORDER
A Government issued a number of index-linked bonds on 1 June 2000 which were redeemed on 1 June 2002. Each bond had a nominal coupon rate of 3% per annum, payable half yearly in a
Overhead Costs Introduction Overhead costs may be defined like the net cost of indirect materials, indirect expenses and indirect labour. They may happen or be charged to
Limitations of Marginal Costing
Given the information that follows, prepare a cash budget for the XYZ Store for the first six months of 2010. All prices and costs remain constant. Sales are 90% for cre
under which type of asset the investment comes
how to calculate variable cost
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