company absorbs factory overheads at a rate of N$25 per direct labour hour. During 2021, cost of finished goods produced and cost of goods sold were N$210 000 and N$207 500, respectively. Closing balance of finished goods was N$15 000. Calculate the value of opening balance for the period.
company absorbs factory overheads at a rate of N$25 per direct labour hour. During 2021, cost of finished goods produced and cost of goods sold were N$210 000 and N$207 500, respectively. Closing balance of finished goods was N$15 000. Calculate the value of opening balance for the period.
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 3EA: A company estimated 100,000 direct labor hours and $800,000 in overhead. The actual overhead was...
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A company absorbs factory overheads at a rate of N$25 per direct labour hour. During 2021, cost of finished goods produced and cost of goods sold were N$210 000 and N$207 500, respectively. Closing balance of finished goods was N$15 000.
Calculate the value of opening balance for the period.
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