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the monthly budget of a department is as follows 618445

The monthly budget of a department is as follows:

Direct materials

Rs. 45,000

Direct wages

Rs. 60,000

Overheads

Rs. 90,000

Direct labour hours

15,000 hours

Machine hours

30,000 hours

Find out the overhead-recovery rate based on:

  1. Direct materials-cost method
  2. Direct labour-cost method
  3. Prime-cost method
  4. Machine-hour-rate method.

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