A company has budgeted the following factory overheads for the next financial year.
Machining and assembly are production departments and stores is the service department. The two production departments issued requisitions to stores as follows.
What was the budgeted overhead absorption rate for the machining department based on 4300 budgeted machine hours?
1 )
$\$ 18.60$
$\$ 20.00{\text{ }}$
3 )
$\$ 30.23{\text{ }}$
4 )
$\$ 32.56$
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