Question
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
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 250 per machine hour.
Standard machine hours 110
Fixed production overheads 300
By how much were the overheads over/under absorbed?
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International Accounting A User Perspective
Authors: Suadagaran, Shahrokh M, Smith Lawrence Murphy
5th Edition
1531018661, 9781531018665
