A company absorbs overheads on machine hours. In a period, actual machine hours were I/D) actual overheads

Question:

A company absorbs overheads on machine hours.

In a period, actual machine hours were I/D)

actual overheads were £496500 and there was under-absorption of £12 520.

What was the budgeted level of overheads?

A £483 980 B £496500 GC £509,020 D It cannot be calculated from the information provided.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost And Management Accounting An Introduction

ISBN: 9781861529053

5th Edition

Authors: Colin Drury

See More Books

Question Posted: Jun 28, 2024 01:11 AM

See More Questions

100. Refer to Exhibit 23-7. At the profit-maximizing output level, average total cost is a . $ 2.00 b . $ 4.50 C . $ 5.00 d. $ 6.00 e . This cannot be determined based on the information provided
If X is normally distributed with mean 70 and standard deviation 4, which is closest to the percentage of cases that have a value of X less than 74? O 95% O 16% O 2.5% O 84% . 0 cannot determine with...
Question 1 1 pts Managerial accounting: Managerial accounting: has its primary emphasis on the future. is required by regulatory bodies such as the SEC. focuses on the organization as a whole, rather...
What other cost factors might you include in such an economic analysis? The proposed small office building in Example 3-2 has 24,000 net square feet of area heated by a natural gas furnace. The owner...
Retailing wholesale club Costco has enjoyed substantial success at building customer loyalty. The warehouse outlets spend almost nothing on traditional advertising but have grown dramatically...
Happy-House-Bakeshop-uses-a-cash-receipts-journal,-a-sales-journal,-purchases-journal,-cash-disbursements-journal,-cash-receipts-journal,-and-a-general-journal.- 1....
State the types of ledger.
Rondello Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials1 pound plastic at $7.00 per pound ...... $ 7.00 Direct labor1.5 hours at...
A firm that is expected to pay a dividend of $5 at the end of this year has expected growth of 12%. The firm has a beta estimated at 0.9. If the S&P 500 is currently returning 14 while Treasury bonds...
The following information is to be used for subquestions (i) and (ii) below: (i) Based on the data above, what is the labour hour absorption rate (to 2 decimal places) as conventionally calculated?...
A firm makes special assemblies to customers orders and uses job costing. The data for a period are: (i) What overhead should be added to job number CC20 for the period? A 24600 B 65457 CG 12761 D...
An apartment owner believes that more of her poolside apartments are leased by single occupants than by those who share an apartment. The data in Table 12.16 were collected from current occupants. Do...
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing...
1. Start with the temperature at 1000 K. In the data table below, record the peak wavelength. Then, increase the temperature by 1000 K up to 10000 K and record the peak wavelength. Temperature (K)...
PROUT COMPANY AND SUBSIDIARYConsolidated Statements WorkpaperFor the Year Ended December 31, 2025Prout SextonEliminationsNoncontrollingConsolidatedCompanyCompanyDebitCreditInterestBalancesINCOME...
It is know that 4000 automobile trips are generated in a large residential area from noon to 1:00 P.M. on Saturdays fro shopping purposes. Four major shopping centers have the following...
dy 1. Find and simplify. dx tanx (a) y= (3 marks) (b) y x cosh (In x) (3 marks) (c) + sinh 2y = y - cosh 2x (4 marks)
What value creation activities should a company out- source to independent suppliers? What are the risks involved in outsourcing these activities?
Wimot Trucking Corporation uses the units-of-production depreciation method because units-of-production best measures wear and tear on the trucks. Consider these facts about one Mack truck in the...
Define both current liabilities and current assets. In what ways are they related?
Heat Inc. sells computer hard drives, and the market is competitive ( i . e . , sales price will not be affected by Heat s sales volume ) . Its EBIT for 2 0 2 2 was $ 6 9 , 0 0 0 when the sales...
2. What is the annual 1.5-year theoretical spot rate if the market implied six-month, 1Jear and 1.5-y ear forward rates are 4.00%,4.20% and 5.00%

A company absorbs overheads on machine hours. In a period, actual machine hours were I/D) actual overheads

Question:

Step by Step Answer:

Cost And Management Accounting An Introduction

Students also viewed these Business questions