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P operates an activity based costing (ABC) system to attribute its overhead costs to cost objects.In its budget for the year ending 31August 2017, the company expected to place a total of 2,895 purchase orders at a total cost of ?1,10,010. This activity and its related costs were budgeted to occur at a constant rate throughout the budget year, which is divided into 13 four-week periods. During the four-week period ended 30 June 2016, a total of 210 purchase orders were placed at a cost of ?7,650.The over-recovery of these costs for the four-week period was:

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Syllabus (with weightage)
A. Cost Management 20%
B. Strategic Cost Management Tools and Techniques 50%
C. Strategic Cost Management - Application of Statistical Techniques in Business Decisions 30%

Related Test: CMA Intermediate Exam: Cost and Management Accounting


P operates an activity based costing (ABC) system to attribute its overhead costs to cost objects.<br>In its budget for the year ending 31August 2017, the company expected to place a total of 2,895 purchase orders at a total cost of ?1,10,010. This activity and its related costs were budgeted to occur at a constant rate throughout the budget year, which is divided into 13 four-week periods. During the four-week period ended 30 June 2016, a total of 210 purchase orders were placed at a cost of ?7,650.The over-recovery of these costs for the four-week period was:






 
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