Spin Limited manufactures tennis strings for various racquet manufacturers, made specifically to order. The company uses a predetermined overhead rate based on material costs. The budgeted manufacturing overheads for the year were R1 500000 and the budgeted material costs were R500 000. During October 2021, Spin Limited worked on the following orders for the manufacturers: At the end of October 2021, the job for Fed Ltd was completed and invoiced at a mark-up of 50\% on cost. The jobs for Nadal Ltd and Novak Ltd were completed but not yet invoiced. The actual overheads incurred during October 2021 were R3 500000. Spin Limited manufactures tennis strings for various racquet manufacturers, made specifically to order. The company uses a predetermined overhead rate based on material costs. The budgeted manufacturing overheads for the year were R1 500000 and the budgeted material costs were R500 000. During October 2021, Spin Limited worked on the following orders for the manufacturers: At the end of October 2021, the job for Fed Ltd was completed and invoiced at a mark-up of 50\% on cost. The jobs for Nadal Ltd and Novak Ltd were completed but not yet invoiced. The actual overheads incurred during October 2021 were R3 500000