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X Ltd has established the following information regarding fixed overheads for the coming year:
Budgeted information:
Total production overhead $600,000
Administration overheads $300,000
Labour hours 30,000 hours
Machine hours 60,000 hours
The company produces its products using a highly automated manufacturing processes
Question 1: The budgeted overhead absorption rate for product costing should be:
Select one:
Option a. $6.66 per hour
Option b. $10 per labour hour
Option c. $20 per labour hour
Option d. $10 per machine hour
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