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Manufacturing overhead was estimated to be OMR 400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was OMR 425,000 and actual
Manufacturing overhead was estimated to be OMR 400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was OMR 425,000 and actual labor hours were 21,000. Which of the following would be correct? O a. Overhead is underapplied by OMR 15,000. O b. None of the given answer is correct Oc Overhead is underapplied by OMR 5,000. Od Overhead is overapplied by OMR 5,000. O e. Overhead is overapplied by OMR 15,000. Company XYZ made total contribution margin of $600,000 and a net income of $110,000. The company also made a total gross margin of S450,000. Assume that the variable selling and administrative expenses were $200,000, how much is the fixed manufacturing cost (5)? O a. 490,000 O b. 140,000 Oc None of the given answers O d. 350,000 Oe. 340,000
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