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A company absorbs factory overheads at a rate of N$25.00 per direct labour hour. At the beginning of the year, the company estimated that the
A company absorbs factory overheads at a rate of N$25.00 per direct labour hour. At the beginning of the year, the company estimated that the direct labour hours would be 12 000 hours. During the year, the company charged N$250 000 in absorbed factory overhead costs, and actual manufacturing overheads costs incurred were NS350 000.
The estimated manufacturing overhead costs at the beginning of the year were:
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