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Company B uses a traditional absorption costing system and absorbs production overheads on the basis of standard machine hours. The following are budgeted and actual information applied in its last accounting period: Budget RM750,000 125,000 Actual RM725,000 120,000- 50.000- Production overhead Machine hours Units produces 50,000 Required: Calculate the following O Budgeted overhead absorption rate mark) (ii) Actual overhead rate mark) (iii) Actual overhead absorbed marks) (iv) Production overhead under / over-absorbed marks) (1 (1 (2 Company B uses a traditional absorption costing system and absorbs production overheads on the basis of standard machine hours. The following are budgeted and actual information applied in its last accounting period: Budget RM750,000 125,000 Actual RM725,000 120,000- 50.000- Production overhead Machine hours Units produces 50,000 Required: Calculate the following O Budgeted overhead absorption rate mark) (ii) Actual overhead rate mark) (iii) Actual overhead absorbed marks) (iv) Production overhead under / over-absorbed marks) (1 (1 (2
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Answer Solution A B C 1 i 2 Budgeted overhead absorption rate 600 per MH 3 4 i 5 Actual overhea... View the full answer
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