Q34 A business absorbs overheads on a direct labour hourly basis, which were budgeted at 2,500 labour hours with overheads of N56,500.

Q34 A business absorbs overheads on a direct labour hourly basis, which were budgeted at 2,500 labour hours with overheads of N56,500. Actual results were 2,350 hours with actual overheads of N54,050. Calculate the over or under recovery.
 N940 under recovery
 N1,000 over recovery
 N940 over recovery
 N1,000 under recovery

 

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