overheadd anarlysis, Cost Accounting

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Following figures are taken from annual budget of ABC manufacturers for the year 2013: Fixed factory overhead Rs. 4,000,000 Factory overhead absorption rate Rs. 70 per direct labor hour Variable factory overhead rate Rs. 30 per direct labor hour Following are a few figures of actual results of year 2013: Capacity attained 110,000 hours Factory overhead Rs. 8,000,000 Required: Budgeted capacity that was used to compute factory overhead absorption rate Analysis of under or over absorbed factory overhead into volume and budget variances

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