The following information is available. budget actual overheads $60 000 $66 000 direct labour 30 000 hours 35 000 hours The overhead absorption rate is based on direct labour hours. What is the amount of overhead over-absorbed or under-absorbed? A $4000 over B $4000 under C $6000 over D $6000 under

A company has the following data for the year ended December 31, 2023:Budgeted fixed manufacturing overhead: $400,000Actual fixed manufacturing overhead: $410,000Budgeted machine hours: 50,000 hoursActual machine hours: 52,000 hoursActual units sold: 48,000 unitsDetermine whether there is under or over-absorption of fixed manufacturing overhead and by how much.Question 5Answera.$26,000 Over absorptionb.$26,000 Under absorptionc.$6,000 Under absorptiond.$6,000 Over absorption

The actual overheads incurred in a period were $60,000, and the overheads absorbed were $58,000.Which of the following is TRUE?*2 pointsOverheads are under-absorbed by $2,000, and costs of production overcharged by $2,000Overheads are over-absorbed by $2,000, and costs of production undercharged by $2,000Overheads are over-absorbed by $2,000, and costs of production overcharged by $2,000Overheads are under-absorbed by $2,000, and costs of production undercharged by $2,000

A business absorbs overheads on the basis of hours worked on a specific job. If the overhead absorption rate has been calculated at $80 per hour and a job is estimated to take 40 hours. What price would be charged to the customer if the company’s mark-up is 50%?Question 7Answera.$1,600b.$3,200c.$4,800d.$1,200

A company has over-absorbed fixed production overheads for May 20X8 by $5,000.The month's fixed production overhead absorption rate was $7 per unit. This rate was based on the budgeted output of 5,000 units. The actual production for the month was 4,500 units.What amount of fixed production overheads did the company incur for April 20X8?*2 points$26,500$31,500$35,000$36,500

implex Company has the following estimated costs for next year: Direct materials $15,000Direct labour 55,000Sales commissions 75,000Salary of production supervisor 35,000Indirect materials 5,000Advertising expenses 11,000Rent on factory equipment 16,000Simplex estimates that 10,000 direct labour and 16,000 machine hours will be worked during the year. If overhead is applied on the basis of machine hours, what will be the overhead rate per hour?