A company absorbs factory overheads at a rate of N$25.00 per direct labour hour. At the beginning of the year, the company estimated that the direct labour hours were 10 000 hours. During the year, the actual direct labour hours and actual manufacturing overheads costs incurred were 12 000 hours and NS350 000, respectively. The amount of factory overheads estimated at the beginning of the period was:

A company absorbs factory overheads at a rate of N$25.00 per direct labour hour. At the beginning of the year, the company estimated that the direct labour hours were 10 000 hours. During the year, the actual direct labour hours and actual manufacturing overheads costs incurred were 12 000 hours and NS350 000, respectively. The amount of factory overheads estimated at the beginning of the period was:

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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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A company absorbs factory overheads at a rate of N$25 per direct labour. At the beginning of the year the company estimated that the direct labour hours were 10000 hours. During the year the actual direct rate labour hours and actual manufacturing overheads costs incurred were 12000 hours and N$350000 respectively. The under/over factory overheads cost the period was?
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