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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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