Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please slve fast During June, XYZ Company incurred OMR 90,000 of actual Manufacturing Overhead and actual labor hours were 15,000. During the same period, the

image text in transcribed please slve fast
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: O a. None of the given answer is correct O b. credit to Work in Process of OMR 71.250 Oc debit to Manufacturing Overhead of OMR 95,000 O d. debit to Work in Process of OMR 71.250 O e credit to Manufacturing Overhead of OMR 90,000 For XYZ Company, the following information related to costs is available for the last quarter direct materials $1.000, direct labor $3,000, variable MOH $200, fixed MOH $1.800 and selling and administrative expenses $3,000. The product cost under absorption costing is: O a. none of the given answers b. $4,200 Oc$6,000 d. $5.800 De $9.000

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

Students also viewed these Accounting questions

Question

How autonomous should the target be left after the merger deal?

Answered: 1 week ago