PMP Limited manufactures a single product and absorbs the production overheads at a pre-determined rate of 20 per machine hour. At the end of…

PMP Limited manufactures a single product and absorbs the production overheads at a pre-determined rate of 20 per machine hour. At the end of financial year 2024-25, it has been found that actual production overheads incurred were - 12,00,000. It included - 80,000 on account of 'written off obsolete stores and - 30,000 being the wages paid for the strike period under an award. The actual machine hours worked during the period were 50,000 hours. The production and sale was 20,000 units and 18,000 units respectively. What will be the amount of under-absorbed production overhead to be charged to Cost of Sales?