A company absorbs production overheads on the basis of predetermined machine hour rate. For the month of

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

Question Posted: