A Company Uses a Machine Hour Absorption Rate

question 24

Multiple Choice

A company uses a machine hour absorption rate.
During one month,the budgeted overheads are £24,000 and the budgeted machine hours are 6,400 hours.
The actual overheads incurred are £25,000.The actual machine hours operated were 6,250.
What is the total over/under absorption of overhead in the month,comparing the actual cost to the budget?

• A) The overhead is UNDER absorbed by £1,000
• B) The overhead is UNDER absorbed by £585.94 (to the nearest penny)
• C) The overhead is UNDER absorbed by £1,562.50
• D) The overhead is UNDER absorbed by £562.50

Understand the interplay between social factors and environmental issues, including theoretical paradigms like HEP and NEP.

Understand the analgesic potential of marijuana and its comparison with other substances.

Identify and understand the medical and physiological effects of marijuana use.

Distinguish between different compounds found in marijuana and their effects.

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Definitions:

Statistician

A professional who specializes in the collection, analysis, interpretation, and presentation of quantitative data.

Unemployment Rate

The proportion of the workforce that is unemployed and actively searching for work.

Null Hypotheses

The presumption that there is no significant difference or effect, typically the starting point for statistical testing.

Alternative Hypotheses

Alternative hypotheses propose a relationship between variables that is tested against the null hypothesis in statistical analysis.