Basic. A company uses a predetermined overhead recovery rate based on machine hours. Budgeted factory overhead for
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Basic. A company uses a predetermined overhead recovery rate based on machine hours. Budgeted factory overhead for a year amounted to £720 000, but actual factory overhead incurred was £738000. During the year, the company absorbed £714 000 of factory overhead on 119000 actual machine hours.
What was thé company's budgeted level of machine hours for the year? ;
(a) 116098
(b) 119000
(ec) 120000
(a) 123000 ACCA Foundation Paper 3
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