From the following information, prepare a Flexible Budget for overheads at 50%, 60% and 70% capacity levels of production and also ascertain the overhead rate at these levels:
|
|
At 60% Capacity Rs. |
|
Fixed Overheads: |
|
|
Depreciation |
20,000 |
|
Salaries |
40,000 |
|
Insurance |
10,000 |
|
Semi-Variable Overheads: |
|
|
Repairs & Maintenance (20% variable) |
30,000 |
|
Electricity (50% fixed) |
24,000 |
|
Variable Overheads: |
|
|
Indirect Material |
36,000 |
|
Indirect Wages |
48,000 |
|
Total Overheads |
2,08,000 |
|
Estimated Direct Labour Hours |
2,86,500 |