Consider an industry with the following features :
Budgeted monthly fixed cost = Rs. 2,20,000
Normal monthly output = 12000 per standard labour hour
Standard variable overhead rate = Rs. 25 per labour hour
What would be the total factory overhead rate?
1
Rs. 40.33 per labour hour
2
Rs. 41.67 per labour hour
3
Rs. 42.67 per labour hour
4
Rs. 43.33 per labour hour
5
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