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A business absorbs overheads on a direct labour hourly basis, which were budgeted at 2,500 labour hours with overheads of 56,500. Actual results were 2,350
A business absorbs overheads on a direct labour hourly basis, which were budgeted at 2,500 labour hours with overheads of 56,500. Actual results were 2,350 hours with actual overheads of 54,050. Calculate the over or under recovery.
Under recovery of 1,000
Over recovery of 1,000
Under recovery of 940
Over recovery of 940
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