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Course-Cost Accounting IPC (OLD) - Illustration 10 (With reference to Video Lecture - For Nov 2020 Exam) In the question, the Direct Labour Hour Rate is given as 15/hr as per Estimates. Actuals change the Labour hours for the week to 2400 from 3000. So does this not affect the absorption of Labour Cost if we are still following 15/hr rate?
Answers (5)
CA Suraj Lakhotia Admin
Rate will remain same.
One more doubt, Is absorption applicable to all overheads - Selling & Distributions/Admin ?
Thread Starter
Karthik MOne more doubt, Is absorption applicable to all overheads - Selling & Distributions/Admin ?
Admin Overheads are period costs and are not added to cost of products.
CA Suraj Lakhotia Admin
Admin Overheads are period costs and are not added to cost of products.
Selling and Distribution?
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