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Company XYZ made total sales revenue of $550,000. The variable manufacturing costs were $145,000 while the fixed manufacturing costs were $20,000. The variable selling and

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Company XYZ made total sales revenue of $550,000. The variable manufacturing costs were $145,000 while the fixed manufacturing costs were $20,000. The variable selling and administrative expenses were $52,000 while the fixed selling and administrative expenses were $10,000. How much was the total contribution margin ($)? a. None of the given answers b. 385,000 C. 405,000 d. 353,000 e. 488,000 During June, XYZ Company incurred OMR 90,000 of actual Manufacturing Overhead and actual labor hours were 15,000. During the same period, the Manufacturing Overhead was estimated to be OMR 95,000 for the period along with 20,000 direct labor hours. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a: a. debit to Manufacturing Overhead of OMR 95,000 O b. None of the given answer is correct C. debit to Work in Process of OMR 67,500 O d. credit to Work in Process of OMR 71.250 e. credit to Manufacturing Overhead of OMR 71,250 O

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