A manufacturing company has the following balances at the end of its first year's operations: Sales OMR350,000; actual manufacturing overhead OMR140,000; manufacturing overhead applied OMR114,000; unadjusted costs of goods sold OMR175,000. The costs of goods sold balance includes overhead applied of OMR51,300. Ending Work in process inventory includes overhead applied of OMR34,700. Ending finished goods inventory includes overhead applied of OMR28,000. These balances are not adjusted for the overapplied or underapplied factory overhead. The company closes year-end manufacturing overhead balances proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. How much is the gross profit for the year after disposing the year-end overhead balances? Select one: a. OMR149,000 b. OMR163,300 c. None of the answers given d. OMR186,700 e. OMR 158,800 XYZ Company provided the following information regarding Product XY: Direct material costs OMR3 per unit of product; Direct labor costs OMR5 per direct labor hour; Predetermined overhead rate OMR10 per direct labor hour. The cost of a job for 550 units of product XY, which uses a total of 80 direct labor hours, is: Select one: a. OMR9,900 b. OMR5,200 c. OMR2,100 d. None of the answers given e. OMR2,850 Company XYZ has raw materials at the beginning of August of OMR500,000. During August, the company purchased additional raw materials of OMR30,000. During August also, the company used OMR180,000 raw materials; OMR90,000 directly on the production process and OMR90,000 related to maintenance of administrative cars. How much balance in the raw materials by the end of August? Select one: a. None of the given answers b. OMR440,000 c. OMR530,000 d. OMR350,000 . e. OMR320,000