Nagri Machine Productions Limited produces a single product.The company's management accountant has budgeted the following totals in respect of the 20X7 financial year: 
Machine hours for the year are estimated at 863 000.
What is the estimated overhead absorption rate for 20X7, based on machine hours (to the nearest penny) ?
A) £1.03
B) £1.14
C) £1.38
D) £1.49
Correct Answer:
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