Intermediate QR Limited uses a standard absorption costing system. The following details have been extracted from its
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Intermediate QR Limited uses a standard absorption costing system. The following details have been extracted from its budget for April:
Fixed production overhead cost £48 000 Production (units) 4 800 In April the fixed production overhead cost was under-absorbed by £8000 and the fixed production overhead expenditure variance was £2000 adverse. The actual number of units produced was:
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