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A company has total fixed manufacturing overheads of K100,000 for 2022. The policy of the company is to include the fixed overheads into the unit

A company has total fixed manufacturing overheads of K100,000 for 2022. The policy of the company is to include the fixed overheads into the unit cost of products based on direct labour costs per annum. If the total labour hours and total labour costs for 2022 are 10,000 hrs and K50,000 respectively, what is the fixed cost absorption rate?

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