A manufacturing company has the following balances at the end of its first year's operations: Sales OMR350,000; actual manufacturing overhead OMR190,000; 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. None of the answers given b. OMR209,200 C. OMR140,800 d. OMR99,000 e. OMR136,300 Company XYZ has raw materials at the beginning of August of OMR150,000. During August, the company purchased additional raw materials of OMR30,000. During August also, the company used OMR120,000 raw materials: OMR100,000 directly on the production process and OMR20,000 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. OMR80,000 c. OMR160,000 d. OMR180,000 e. OMR60,000 Ali is a student at the University. He recently purchased a car for OMR5,000 to use it for going to the University. All also expects that other friends might ask for transportation from him. He expects a total monthly revenue of OMR70. He expects fuel cost to be OMR60 per month. One of Ali's friends is a taxi driver. He offered Ali to take him to University for a monthly fee of OMR10. Because he does not have to drive, All believes that he can perform online work that would earn him a monthly revenue of OMR30. What is the differential cost in this scenario? Select one: a. OMR20 b. OMR40 c. OMR30 d. OMR50 e. OMR10 The manufacturing cost of XYZ Company during October includes prime costs of OMR85,000. The manufacturing overhead is 20% of the month's total manufacturing costs. If beginning work in process was OMR25,000 and ending work in process is OMR33,000, the cost of goods manufactured is: Select one: a. OMR114,250 b. OMR96,250 c. OMR94,000 d. OMR98,250 e. None of the answers given