A sports equipment company uses a pre-determined overhead absorption rate based on labour hours. The budgeted overheads for August were R3 161 700 and the actual overheads were R3 096 900. Budgeted labour hours were 175 650 and the overheads were over-absorbed by R28 B00. What were the actual labour hours? 177 283 hours 174 016 hours 170 450 hours 173 650 hours
A sports equipment company uses a pre-determined overhead absorption rate based on labour hours. The budgeted overheads for August were R3 161 700 and the actual overheads were R3 096 900. Budgeted labour hours were 175 650 and the overheads were over-absorbed by R28 B00. What were the actual labour hours? 177 283 hours 174 016 hours 170 450 hours 173 650 hours
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
E2
Transcribed Image Text:A sports equipment company uses a pre-determined overhead absorption rate based on labour
hours. The budgeted overheads for August were R3 161 700 and the actual overheads were
R3 096 900. Budgeted labour hours were 175 650 and the overheads were over-absorbed by R28
B00. What were the actual labour hours?
177 283 hours
174 016 hours
170 450 hours
173 650 hours
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education