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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

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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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
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
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