The following data are to be used for sub-questions (i) and (ii) below:
| Budgeted labour hours Don't use plagiarized sources. Get Your Custom Essay on what is the labour hour overhead absorption rate 609999 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | 8500 |
| Budgeted overheads | £148 750 |
| Actual labour hours | 7928 |
| Actual overheads | £146 200 |
(i) Based on the data given above, what is the labour hour overhead absorption rate?
A £17.50 per hour
B £17.50 per hour
C £18.44 per hour
D £18.76 per hour
(ii) Based on the data gives above, what is the amount of overhead under-over-absorbed?
A £2550 under-absorbed
B £2529 under-absorbed
C £2550 under-absorbed
D £7460 under-absorbed
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