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What was the under or over recovery of overheads

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Reference no: EM132873142

Question - Picl allocates overheads based on machine hours. At the beginning of 2020 its management accountant estimated that the overheads for the year would be €1,500,000 and that the machine hours would be 10,160 hours.

After the year end, the accountant determined that the actual overheads incurred were €1,550,000. The number of machine hours for 2020 was 9,465.

Required - What was the under or over recovery of overheads for 2020?

Reference no: EM132873142

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