Negros Co.'s factory overhead rate is pre-determined at the start of the fiscal period based on expected actual production capacity. Budgeted factory overhead is Ph175,000 for a normal capacity of 50,000 units and Ph225,000 for a maximum capacity of 75,000 units. At the beginning of 2020, the company forecasted a production of 60,000 units. For 2020, the factory overhead rate per unit would be * Ph 2.75 Ph 3.00 Ph 3.25 Ph 3.50

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.