J Ltd uses standard absorption costing and absorbs production overheads on the basis of standard machine hours.

Question:

The following budgeted and actual information applied in its last accounting period:

image text in transcribed

At the end of the period, production overhead will be reported as:

(a) under-absorbed by $$4344$

(b) under-absorbed by $$3660$

(c) over-absorbed by $$4344$

(d) over-absorbed by $$3660$

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Management And Cost Accounting

ISBN: 9788131525470

8th Edition

Authors: Colin Drury

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Question Posted: May 06, 2024 03:00 AM

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J Ltd uses standard absorption costing and absorbs production overheads on the basis of standard machine hours.

Question:

Budget Production overhead Machine hours $180000 50000 Actual $178080 48 260 Units produced 40000 38 760

Step by Step Answer:

Management And Cost Accounting

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