Question 34 Not yet answered A company absorbs factory overheads at a rate of N$15 per direct labour hour. During 2021 all finished goods were sold and under/over- absorbed overheads were transferred to cost of goods sold. There were no opening and closing balances of work in process. Additional information is as follows: Marked out of 2.00 P Flag question 10 000 Actual direct labour hours hours Budgeted direct labour hours 11 000 hours NS Building materials (bricks, cements, zincs etc.) 100 000 Indirect labour cost 50 000 Wages of builders, electricians and 200 000 plumbers Indirect material used 20 000 Depreciation of office equipment 100 000 Sundry factory overheads 50 000 Calculate amount of under/over absorbed factory overheads for the period