Question
ob 160 Cost details June 2020 Particulars Budgeted Actual Overheads OMR 11000 OMR 12500 Direct labor hours 1500 1485 Direct wages OMR 3000 OMR 3200
ob 160 Cost details June 2020 | ||
Particulars | Budgeted | Actual |
Overheads | OMR 11000 | OMR 12500 |
Direct labor hours | 1500 | 1485 |
Direct wages | OMR 3000 | OMR 3200 |
Direct materials | OMR 2000 | OMR 1900 |
Machine hours | 3600 | 3520 |
Units produced | 180 | 185 |
The predetermined overhead absorption rate for direct labor hours was OMR 6.5 per hour.
1. Overheads absorbed into production will be:
a-OMR 23400
b-OMR 22880
c-OMR 9652.50
d-OMR 9750
2.
Under-absorbed or Over-absorbed overheads will be:
a-Under-absorbed Overheads OMR 2847.50
b-Over-absorbed Overheads OMR 2750
c-Over-absorbed Overheads OMR 2847.50
d-Under-absorbed Overheads OMR 2750
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