Accounting 9706 · AS & A Level · Traditional costing methods

Traditional costing methods — practice question

Each month, a production centre uses $20000$ machine hours and $17000$ labour hours. Which formula is applied to work out the overhead absorption rate?

  • A$\frac{\text{total machine hours}}{\text{total overhead cost}}$
  • B$\frac{\text{total overhead cost}}{\text{total labour hours}}$
  • C$\frac{\text{total overhead cost}}{(\text{total labour hours} + \text{machine hours}) \div 2}$
  • D$\frac{\text{total overhead cost}}{\text{total machine hours}}$

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