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Overton Ltd uses predetermined overhead cost rates in its costing system. During the year, the company charged N$550 000 in absorbed factory overhead costs. Absorbed

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Overton Ltd uses predetermined overhead cost rates in its costing system. During the year, the company charged N$550 000 in absorbed factory overhead costs. Absorbed factory overhead cost was over-absorbed with N$25 000 during the year. The actual production overhead costs during the year were

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