Under applied or over applied factory overhead should be

Related MCQs

• When factory overhead control account has an ending debit balance, factory overhead was………………
• When the amount of overhead absorbed is less than the amount of overhead incurred it is known as
• Certain overhead costs cannot be directly charged to a department or cost centres. The process of distribution of such overhead costs to various departments is called
• In an integrated accounting system the accounting entries for factory overhead absorbed would be :
• The per unit expense of the ……………portion factory overhead varies with the volume of production while………………..portion remains the same with volume.
• Which of the following costs is not a factory overhead expense?
• When …………………….is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
• Under absorption of overhead expense in cost accounting results in _______.
• A company estimates its direct material requirements for the month of November 2014 to be Rs. 2,40,000 and the direct labour to be Rs. 1,500,00. It is the policy of the company to absorb overheads as under : Factory overheads 60% of direct wages Administrative overheads 20% of work cost Selling and distribution overheads 25% of work cost it is estimated that the selling and distribution overheads will increase by 15% in November the budgeted sales for the month of November 2014 is
• ………………….budget may be classified into material cost budget, labour cost budget and overhead budget.