Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Robert Kemp, Jeffrey Waybright

2nd edition

978-0132771801, 9780132771580, 132771802, 132771586, 978-0133052152

More Books

Students also viewed these Accounting questions

Question

T F Feeling sad or depressed is abnormal. (p. 249)

Answered: 1 week ago

Question

Networking is a two-way street. Discuss this statement.

Answered: 1 week ago