Works overhead is Rs 40,000, total machine hours is 8500 hours and time allowed for machine setting is 500 houRs What is the machine rate?
A). Rs. 2 per hour
B). Rs. 3 per hour
C). Rs. 4 per hour
D). Rs. 5 per hour
Factory overhead is Rs 3,00,000 and direct material cost is Rs 5,00,000 What is the overhead rate under direct material cost method?
A). 25%
B). 30%
C). 60%
D). 75%
When the actual overhead is less than the absorbed overhead it is ________.
A). over absorption
B). under absorption
C). equal absorption
D). major absorption
Departmentalization of overhead is known as ________.
A). primary distribution
B). secondary distribution
C). absorption
D). allocation
Sundry overhead expenses may be apportioned in the ratio of ________.
A). material consumed
B). number of employees
C). labour hours
D). machine hours