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.

Related MCQs

• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• is the amount by which the absorbed overheads fall short of the actual amount of overheads incurred.
• is the excess of overheads absorbed over the actual amount of overheads incurred.
• Factory overhead can be charged on the basis of -.
• Office and administrative expenses can be charged on the basis of .
• Selling and distribution expenses can be charged on the basis of .
• The budget which usually takes the form of budgeted profit and loss account and balance sheet is known as
• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• The budget which shows the budgeted quantity of output to be produced during a specific period is.
• Basis of apportionment of stores service expenses is ………………..