Basic. A company absorbs overheads on machine hours. In a period, actual machine hours were 17 285,
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Basic. A company absorbs overheads on machine hours.
In a period, actual machine hours were 17 285, actual overheads were £496 500 and there was under-absorption of £12520.
What was the budgeted level of overheads?
(a) £483 980
(b) £496 500
(c) £509020
(d) It cannot be calculated from the information provided.
CIMA Stage 1 Cost Accounting
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