Question: Company uses standard absorption costing system Fixed overhead absortion rate is based on labour hours Budget actual Fix overhead $450,000 $475,000 output 50,000 units 60,000

Company uses standard absorption costing system Fixed overhead absortion rate is based on labour hours Budget actual Fix overhead $450,000 $475,000 output 50,000 units 60,000 units Labour hours 900,000 93,000 Fill in the blanks: The ______ Absorbed fixed production overheads for the year were$.______ a. Over;$65,000 b. Over: $10,000 c .Under: $65,000 d. Under: $10,000

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