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Question 11: Steelcam Industries Ltd uses machines hours in the absorption of its fixed production overheads in the factory. Below is an extract from its

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Question 11: Steelcam Industries Ltd uses machines hours in the absorption of its fixed production overheads in the factory. Below is an extract from its books: Budgeted Machine hours 100 Absorption rate was 2.50 per machine hour. Standard machine hours 110 Fixed production overheads 300 By how much were the overheads over/under absorbed

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