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2. A company had an under recovery of overheads of $200,000 with a budgeted overhead of $1,000,000. If its estimated overhead hours were 20,000 and its actual overhead hours were 22,000, calculate the actual overhead cost. $1,300,000 None of the above. $800,000 $900,000 $1,200,000

2. A company had an under recovery of overheads of $200,000 with a budgeted overhead of $1,000,000. If its estimated overhead hours were 20,000 and its actual overhead hours were 22,000, calculate the actual overhead cost. $1,300,000 None of the above. $800,000 $900,000 $1,200,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2. A company had an under recovery of overheads of $200,000 with a budgeted overhead of $1,000,000. If its estimated overhead hours were 20,000 and its actual overhead hours were 22,000, calculate the actual overhead cost. $1,300,000 None of the above. $800,000 $900,000 $1,200,000
Transcribed Image Text:2. A company had an under recovery of overheads of $200,000 with a budgeted overhead of $1,000,000. If its estimated overhead hours were 20,000 and its actual overhead hours were 22,000, calculate the actual overhead cost. $1,300,000 None of the above. $800,000 $900,000 $1,200,000
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