Judas (Pty) Ltd opened a newly glass manufacturing stores in Havana settlement area. They received orders for 200 units per month. Budgeted labour hours amount to 2000 for the period. There are no opening balances and the following information for the current period is available: NS Revenue 400 000 Materials purchased on credit 40 000 Direct labour paid (1920 hours x $50) 96 000 Materials transferred to work in progress 24 000 Budgeted manufacturing overheads 153 600 Overhead paid: Rent 120 000 Utilities 8 000 Depreciation on equipment 16 000 Factory foremen wage 8 400 Cost of goods completed 250 000 Cost of sales 200 000 Advertising 50 000 Revenue commission 40 000 Office salaries 100 000 Depreciation: Office equipment 10 000 Calculate the balance on the WIP control Account Question 31 Not yet answered Marked out of 2.00 P Flag question 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 were 10 000 hours. During the year, the actual direct labour hours and actual manufacturing overheads costs incurred were 12 000 hours and NS350 000, respectively. The under/over absorbed factory overhead cost for the period was