Module+2000+XVI+Formulas

XVI. Module 2000 Formulas ka

|| estimated or budgeted units of base for the period || budgeted direct material costs || budgeted direct labor cost || prime cost || budgeted direct labor hours || budgeted machine hours || budgeted output ||
 * ** OVERHEAD COSTING FORMULAS **
 * **Predetermined absorption rate** || __estimated or budgeted overhead for the period__
 * **Direct material cost % rate** || __budgeted overhead__ x 100
 * **Direct labor cost % rate** || __budgeted overhead__ x 100
 * **Prime cost % rate** || __budgeted overhead__ X 100
 * **Direct labor hour rate** || __budgeted overhead__
 * **Machine hour rate** || __budgeted overhead__
 * **Cost unit rate** || __budgeted overhead__

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