The monthly budget of a department is as follows:
|
Direct materials |
Rs. 45,000 |
|
Direct wages |
Rs. 60,000 |
|
Overheads |
Rs. 90,000 |
|
Direct labour hours |
15,000 hours |
|
Machine hours |
30,000 hours |
Find out the overhead-recovery rate based on:
- Direct materials-cost method
- Direct labour-cost method
- Prime-cost method
- Machine-hour-rate method.