Question: Jetty & Co absorbs overheads based on labour hours at N$50/hour. The company sells two products, X and Y. Total cost for product X is

Jetty & Co absorbs overheads based on labour

Jetty & Co absorbs overheads based on labour hours at N$50/hour. The company sells two products, X and Y. Total cost for product X is N$150/unit, while product Y costs N$100/unit. Product X requires a total of 15,000 hours in total for production. Jetty & Co's total budgeted overheads amount to N$1000,000. The cost accountant determined that Jetty & Co's overheads have been under absorbed by N$120,000. Required: Calculate the value of actual overheads. NB: You are not required to enter the unit or currency symbol. Enter a numerical answer with no spaces. For example: 1000

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