Under and over absorption, Accounting Basics

A company absorbs overheads on machine hours that are budgeted at 11,250. The budgeted overhead is $281 250. 

Results illustrate actual hours of 10 980 and overhead of $276 652.

What is the under/over-absorption?

A. overhead over-absorbed by $2152

B. overhead over-absorbed by $4598

C. overhead under-absorbed by $2152

D. overhead under-absorbed by $4598

Posted Date: 2/13/2013 12:35:48 AM | Location : United States







Related Discussions:- Under and over absorption, Assignment Help, Ask Question on Under and over absorption, Get Answer, Expert's Help, Under and over absorption Discussions

Write discussion on Under and over absorption
Your posts are moderated
Related Questions
Balance Sheet Classi?cations and Relationships Shelley and Co. has the following balance sheet elements as of December 31, 2012. Land. . . . . . . . . . . . . . . . . . . . . . . $

Q. What is accounting system? Accrual basis, system, or method -- an accounting system which records revenues andexpenses at the time when transaction takes place,not at the ti

How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.

Why it is important for independent auditor to be a member of a professional body?


Which of the following items will be entered in the cash payments journal of an entity when app applicable subsidiary journals are in use? Merchandise purchased on credit Merchand

On December 31, 2013, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each June 30 and December 31. The bon

A swap valuation method which involves summing and computing the present value of each and every future net settlement and would be required by the contract terms either future s

Q. What is accrual basis of accounting? In the following illustration, notice that every business transaction affects two or more accounts in the ledger. As well note that

Q. Advantages and Disadvantages of FIFO? FIFO: Advantages (a) FIFO is easy to apply (b) the assumed flow of costs habitually corresponds with the normal physical flow of goods