Question
22. Doll Furniture gives you the following information for the year ending December 2020. Production 20,000 units Sales 18,000 units There is no opening stock
22\.
Doll Furniture gives you the following information for the year ending December 2020. | |
Production | 20,000 units |
Sales | 18,000 units |
There is no opening stock of goods | |
Direct material per unit | OMR 2 |
Variable factory overheads | OMR 80,000 |
Fixed factory overheads | OMR 40,000 |
Variable selling overheads per unit | OMR 0.400 |
Fixed selling overheads | OMR 9,000 |
Selling price per unit | OMR 12 |
The total contribution margin under marginal costing method will be:
a\ OMR 80,800
b\ OMR 79,900
c\ OMR 100,800
d\ OMR 90,800
23\ A business incurred direct material cost OMR 1,400: indirect material OMR 200: direct labor OMR 500: indirect labor OMR 400 and other indirect costs OMR 300. Its conversion cost would be:
a\ OMR 2,800
b\ OMR 1,400
c\ OMR 1,100
d\ OMR 3,600
24\ Direct material used in production OMR 50,000: direct wages incurred OMR 30,000: direct expenses charged OMR 15,000. The business incurred the total overhead cost of OMR 85,000. The direct labor hours worked was 900 hours.
Calculate the overhead absorption rate on the basis of prime cost:
a\ 134 %
b\ 147 %
c\ 89 %
d\ 106 %
choose the correct answer . Give me the question number and answer code. I hope that you will help me and solve all the questions. Thank.
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