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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
1. If market interest rates are higher than the rate offered on the bonds being sold, they will be sold at: A. a premium. B. a discount. C. face value. D. a loss.
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