Question 3 (22 marks) The following budget information relates to Quality 1 Ltd ('Quality for...
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Question 3 (22 marks) The following budget information relates to Quality 1 Ltd ('Quality for the year ended 31 December, 2018: $2,280,000 S1,900,000 Manufacturing overhead Direct labour cost Quality's manufacturing overhead is allocated to jobs based on direct labour cost. The company applies a policy that any under- or over- allocated overhead is adjusted to the cost of goods sold. The following are the actual data for the month of October 2018
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