Basic Accounting Lectures

Title: Factory Overhead (cost accounting)

Type: True False

Number of questions: 10 (version 1)

Minimum percentage to Pass test: 70%

Time limit for each question: Yes (20 seconds)

Each True/False carry: 5 marks.

Downloadable: Yes

Different FOH variances and their formula are given below In the Pictorial printable lecture. A check to ensure you have done the question right is also given.You can download this Tutorial by right clicking on the picture and save target as

There are two types of rates.
1) Blanket Rates
This is the rate used for the whole organization. Every department in the organization use single Rate.

What is Capacity?

A capacity is that amount of plant and machinary and personell with which a manger plans to conduct a business.

What is Volume?

Volume which is variable factor in business, is another name of Activity.

What are types/levels Of Capacity.

There are four levels of capacity, namely (1) theoratical, (2) practical, (3) expected actual and (4) [...]

In order to determin the FOH Rate, Different bases are used.
All these bases are given in this lecture/tutorial.

You can download this Tutorial by right clicking on the picture and save target as