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PG Co absorbs overheads on the basis of direct labour hours. Details of budgeted and actual figures for the latest period are as follows. Which ONE of the following statements is correct? (2 marks) A Overheads were $50,000 over absorbed. B Overheads were $50,000 under absorbed. C Overheads were $100,000 over absorbed. D Overheads were $100,000 under absorbed. |