NIV JAIN 19. Which of the following situations would cause overheads to be over-absorbed? O A. When budgeted overheads exceed absorbed overheads O B. When actual overheads exceed budgeted overheads O C. When absorbed overheads exceed budgeted overheads O D. When absorbed overheads exceed actual overheads 2022 JGIAnveshana. ■ 直 0 d! dy

NIV JAIN 19. Which of the following situations would cause overheads to be over-absorbed? O A. When budgeted overheads exceed absorbed overheads O B. When actual overheads exceed budgeted overheads O C. When absorbed overheads exceed budgeted overheads O D. When absorbed overheads exceed actual overheads 2022 JGIAnveshana. ■ 直 0 d! dy

Name: NIVJAIN19. Which of the following situations would cause overheads to
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Description: NIVJAIN19. Which of the following situations would cause overheads to be over-absorbed?O A. When budgeted overheads exceed absorbed overheadsO B. When actual overheads exceed budgeted overheadsO C. When absorbed overheads exceed budgeted overheadsO

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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At the beginning of the year, you estimated the following - Production - 75,000 units Raw Material - 270,000 pounds at a cost of $1,026,000 Direct Labor - 187,500 hours at a cost of $4,125,000 Variable Overhead - 135,000 machine hours at a cost of $567,000 Fixed Overhead - $900,000 At the end of year, the actual results were as follows - Production - 73,000 units Raw Material - 265,720 pounds purchased and used at a cost of $1,036,308 Direct Labor - 179,580 hours at a cost of $3,968,718 Variable Overhead - 133,590 machine hours at a cost of $558,406.20 Fixed Overhead - $891,000
At the beginning of the year, you estimated the following - Production - 75,000 units Raw Material - 270,000 pounds at a cost of $1,026,000 Direct Labor - 187,500 hours at a cost of $4,125,000 Variable Overhead - 135,000 machine hours at a cost of $567,000 Fixed Overhead - $900,000 At the end of year, the actual results were as follows - Production - 73,000 units Raw Material - 265,720 pounds purchased and used at a cost of $1,036,308 Direct Labor - 179,580 hours at a cost of $3,968,718 Variable Overhead - 133,590 machine hours at a cost of $558,406.20 Fixed Overhead - $891,000