You were provided the below information regarding a furniture manufacturing company in relation to the past...
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You were provided the below information regarding a furniture manufacturing company in relation to the past year activities: Actual manufacturing overheads - R175 000 Actual direct labour hours - 25 000 hours Actual sales - R600 000 Budgeted manufacturing overheads - R125 000 Budgeted direct labour hours - 20 000 hours Actual gross profit for the year - R185 000 Question: Calculate the overheads over- or under-absorbed You were provided the below information regarding a furniture manufacturing company in relation to the past year activities: Actual manufacturing overheads - R175 000 Actual direct labour hours - 25 000 hours Actual sales - R600 000 Budgeted manufacturing overheads - R125 000 Budgeted direct labour hours - 20 000 hours Actual gross profit for the year - R185 000 Question: Calculate the overheads over- or under-absorbed
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To calculate the overheads over or underabsorbed we can use the following formula ... View the full answer
Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
Posted Date:
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