Draw up a Flexible Budget for the Overhead Expenses on the basis of the following data and determine the Overhead rates at 70%, 80% and 90% plant capacity levels:
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|
At 80% Capacity Rs. |
|
Variable Overheads: |
|
|
Indirect Labour |
12,000 |
|
Indirect Material |
4,000 |
|
Semi-Variable Overheads: |
|
|
Power [30% fixed] |
20,000 |
|
Repairs and maintenance [40% variable] |
2,000 |
|
Fixed Overheads: |
|
|
Depreciation |
11,000 |
|
Insurance |
3,000 |
|
Others |
10,000 |
|
Total Overheads |
62,000 |
|
Estimated Direct Labour hour work |
1,24,000 hrs |