Accounting 9706 · AS & A Level · Traditional costing methods

Traditional costing methods — practice question

The costing records provide the following information. Budgeted overheads cost: $32\,000. Budgeted direct labour hours: 4\,000. Actual overheads cost incurred: $34\,000. Actual direct labour hours worked: 3\,900. What is the amount of over-absorption or under-absorption of overheads?

  • A$2\,000$ under-absorbed
  • B$2\,000$ over-absorbed
  • C$2\,800$ under-absorbed
  • D$2\,800$ over-absorbed

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