A company absorbs production overheads on the basis of predetermined machine hour rate. For the month of
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A company absorbs production overheads on the basis of predetermined machine hour rate. For the month of March 2004 the budgeted machine hours were 8,500. During the month the actual machine hours worked were 7,928 actual overheads were Rs. 1,46,200 and there was under absorption of Rs. 7,460.
Ascertain the budgeted level of overheads for the month.
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