tion A company has been using an overhead absorption rate based on direct labour cost. At the beginning of the year, the company estimated that the manufacturing overhead costs and direct labour cost, would be N$150 000 and N$120 000, respectively. During the year, the actual direct labour hours and actual manufacturing overheads costs incurred were 12 000 hours and NS350 000, respectively. The budgeted manufacturing overhead rate used during the past year was. Answer