Question
Please answer all the questions simple 1.During the month, 15 workers left, 35 workers terminated and 160 workers were recruited. Of these, 25 workers are
Please answer all the questions simple
1.During the month, 15 workers left, 35 workers terminated and 160 workers were recruited. Of these, 25 workers are recruited in the vacancies of those leaving, while the rest were engaged for an expansion scheme. Average employees during the month were 1000. Calculate labour turnover ratio using separation method.
a.
5%
b.
2.5%
c.
3.5%
d.
1.5%
2.
The production department of Al Noor company provides you with specific cost details. The material used OMR 34,750, Direct labour hours used: 1200 Hours, direct wages OMR 25,000. Overhead Cost is 69,500. Using these data, compute overhead rate as a percentage of direct material cost.
a.
50%
b.
200%
c.
150%
d.
None of these
3.
Accenture Chemicals has the following data relating to its factory in the year ended 31 December 2020:
Direct material costs OMR 500
Direct labour cost OMR 250
The total indirect expenses for the factory are OMR 30,000. There were 5,000 labour hours worked and 25,000 machine hours consumed in the factory in the year 2020. Compute the overhead rate based on direct labour hour.
a.
OMR 1.000/hour
b.
OMR 6.150/hour
c.
OMR 6.000/hour
d.
None of these
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