Exam Name: | Fundamentals of management accounting | ||
Exam Code: | BA2 Dumps | ||
Vendor: | CIMA | Certification: | CIMA Certificate |
Questions: | 392 Q&A's | Shared By: | tudor |
Refer to the exhibit.
The following data relates to two activity levels of a department. Overhead absorption is on the basis of machine hours.
The variable overhead rate per hour is £4.50. The amount of fixed overhead, to the nearest £000, is:
In order to provide information that is suitable for control purposes, the budget must be:
Refer to the exhibit.
Patchit Limited operates a job costing system. They have been asked to quote for a rush job that will require to be done in overtime hours. It is estimated that the job will incur the following costs:
Production overheads are absorbed on a direct labour hour basis. Budgeted direct labour hours for the year were 50,000 and budgeted direct labour cost was $300,000.
If production overheads had been based on a percentage of direct labour cost, the revised production costs for the job would be: