A company’s over absorbed overhead for a period is £4,000. The budgeted hours for the period was 40,000hours and the budgeted overhead cost for the same period had been £160,000. If the actual hours worked are 45,000hours, showing your workings, calculate the actual overhead cost incurred.

A company’s over absorbed overhead for a period is £4,000. The budgeted hours for the period was 40,000hours and the budgeted overhead cost for the same period had been £160,000. If the actual hours worked are 45,000hours, showing your workings, calculate the actual overhead cost incurred.

Name: A company’s over absorbed overhead for a period is £4,000. The budgete
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Description: A company’s over absorbed overhead for a period is £4,000. The budgeted hours for the period was 40,000hours and the budgeted overhead cost for the same period had been £160,000. If the actual hours worked are 45,000hours, showing your workings, calc

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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