Actual overheads for the year ending 31st March, 2017 were ₹21,000, whereas the overhead absorbed shows an over absorption of ₹1,000 for the same period. If the direct labour cost is ₹1,00,000, then overhead absorption r
CS Executive · Cost and Management Accounting · PYQS · June 2018
Actual overheads for the year ending 31st March, 2017 were ₹21,000, whereas the overhead absorbed shows an over absorption of ₹1,000 for the same period. If the direct labour cost is ₹1,00,000, then overhead absorption rate based on direct wages would be:
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Cost and Management Accounting
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