Intermediate A company uses a predetermined overhead recov ery rate based on machine hours. Budgeted factory overhead
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Intermediate A company uses a predetermined overhead recov¬ ery rate based on machine hours. Budgeted factory overhead for a year amounted to £720000, but actual factory overhead incurred was £738 000. During the year, the company absorbed £714000 of factory overhead on 119 000 actual machine hours.
What was the company’s budgeted level of machine hours for the year?
A 116098 B 119000 C 120000 D 123 000
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