A business absorbs overheads on a direct labour hourly basis, which were budgeted at 2,500 labour hours with overheads o

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answerhappygod
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A business absorbs overheads on a direct labour hourly basis, which were budgeted at 2,500 labour hours with overheads o

Post by answerhappygod »

A business absorbs overheads on a direct labour hourly basis,
which were budgeted at 2,500 labour hours with overheads of
€56,500. Actual results were 2,350 hours with actual overheads of
€54,050. Calculate the over or under recovery.
Under recovery of €1,000
Over recovery of €1,000
Under recovery of €940
Over recovery of €940
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