EPFO APFC • General Studies • 2016 • Q.62
Accountancy & AuditingMedium
Consider an industry with the following features:
| Budgeted monthly fixed cost | ₹2,20,000 |
| Normal monthly output | 12000 per standard labour hour |
| Standard variable overhead rate | ₹25 per labour hour |
What would be the total factory overhead rate?
Syllabus Connection
Principles of Accountancy: Accounting concepts & conventions, double-entry bookkeeping, journal, ledger, trial balance, depreciation, final accounts preparation (trading, P&L, balance sheet), company accounts & share capital, Accounting Standards (AS & Ind AS). (APFC)
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