(Chapter 8)
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Solly Solicitors uses pre-determined rates for absorbing total overheads, based on the budgeted number of chargeable hours. A rate of $10 per chargeable hour has been calculated, and the following overhead expenditures have been estimated at two activity levels. Based on the data above, what was the budgeted level of chargeable hours? A 38,667 B 62,000 C 64,500 D 67,000 |