Question: help mee step-fixed cost step-variable cost semi-variable cost Odiscretionary cost A business absorbs overhead based on machine hours, which were budgeted at 5,625 machine hours

help mee

step-fixed cost step-variable cost semi-variable cost Odiscretionary cost A business absorbs overhead based on machine hours, which were budgeted at 5,625 machine hours with the budgeted production overhead of RM129,375. Actual results were 5,490 machine hours with actual overhead ofRM127,346. Compute the over or under absorption. Over absorbed by RM1,076. Under absorbed by RM1,076. Over absorbed by RM2,029. Under absorbed by RM2,029

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

ANSWER F-P Orville Company has developed the following standards relating to the production of their finished units: Direct Materials, 7 pounds per unit @ $3.00 per pound Direct Labor, 4 hours per...

INSTRUCTIONS: TIME: 3 HOURS Answer ALL Questions in the Answer Booklet. (100 MARKS) QUESTION 1 (24 marks) NutriLite Pharmaceuticals is research-based company which manufactures a wide variety of...

QUESTION 5 White Bolder Investments (WBI) You are an intern working for WBI, a large investment advisory services in Sydney. Among other regular customers, WBI has been providing advisory services...

Step by step solution, attend to all questions... CRX Industries Inc. manufactures a lid for a hydroponic garden planter. The standard cost for one planter is as follows: Std. Quality of Hours...

5. Which of the following would be classed as indirect labour? Aassembly workers in a company manufacturing television Ba stores assistant in a factory store Cplasterers in a construction company Dan...

Please see attachment of questions. Accounting questions are attached. Please use the attached worksheet for answers. Question 1 1. Managerial accounting stresses accounting concepts and procedures...

please i need a clear answer this is a clear pictures under med Chal M . Ch Regard www thing the informace pour Gan. had to production the machine how malah Heid What the premiere 1. What the het hy...

Kwong Tin Company (KT) makes mugs. It has two production departments: Department One and Department Two. A pre-determined overhead rate is used in applying manufacturing overhead to the mugs....

Managers depend on accurate factory overhead allocation to make decisions regarding product mix and product price. T OR F Managers depend on the accuracy of product costing to make decisions...

Identical 50C charges are fixed on an x axis at x = + 3.0 m. A particle of charge q = 15C is then released from rest at a point on the positive part of the y axis. Due to the symmetry of the...

How does a company determine whether sales or noncurrent assets located in an individual foreign country are material?

In regards to the balance sheet, what is the most important rule to remember?

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...