An extract from Vango Ltds budget information for 2016 is shown below: Budgeted labour cost 800,000 Budgeted overhead cost 500,000 Budgeted direct labour hours 50,000 Budgeted direct machine hours 10,000 Vango Ltd. absorbs overhead on the basis of direct labour hours. In January 2017 it transpired that actual overheads were over absorbed by 10,000 and actual direct labour hours were 52,000. 13. Calculate the companys pre-determined overhead absorption rate. . a) 10.20 b) 10.00 c) 1.00 d) 8.00 Section A continues on the next page 7 14. Calculate Vangos actual overheads for 2016. a) 510,000 b) 490,000 c) 500,000 d) 530,400