Sir Is the stepped down method the same as algebraic method? Also, whats the difference between fixed overheads and budgeted overheads?
sorry actual and budgeted******
Yes with regard to stepped down.
With regard to overheads, the budgeted overheads are what they budgeted to spend. The actual overheads are what they actually ended up spending.
oh ok thank you sir!
You are welcome 🙂
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