Advance management accounting
This query is : Resolved
Ajay Patwari
(Querist)
22 February 2019
"factory overhead are absorbed at blanket rate of 20% of direct labour"
Is factory overhead variable cost or fixed cost?
In institute practise manual it is taken in variable cost.
Please reply urgently..
Is factory overhead variable cost or fixed cost?
In institute practise manual it is taken in variable cost.
Please reply urgently..
Amol S Joglekar
(Expert)
07 June 2019
normally factory overhead is regarded to be Fixed.
Since in this example it is linked with direct labour, it is to be treated as variable.
Since in this example it is linked with direct labour, it is to be treated as variable.
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