Question
Q1 - For August, Frankfurt Manufacturing has a beginning finished goods inventory of SAR 50,000, ending finished goods of SAR 60,000, and cost of goods
Q1 - For August, Frankfurt Manufacturing has a beginning finished goods inventory of SAR 50,000, ending finished goods of SAR 60,000, and cost of goods sold of SAR 465,000.What was the cost of goods manufactured for August?
a. SAR 455,000
b. SAR 475,000
c. SAR 465,000
d. SAR 450,000
Q2 - Bayreuth Corporation estimated manufacturing overhead costs for the year to be SAR 800,000. Bayreuth also estimated 8,000 machine hours and 20,000 direct labor hours for the year. It bases the predetermined overhead allocation rate on direct labor hours. On June 30, Job 422 was completed. It required 4 machine hours and 3 direct labor hours.What is the amount of manufacturing overhead allocated to the completed job (round your intermediate calculations to one decimal place)?
a. SAR 120
b. SAR 400
c. SAR 160
d. SAR 350
Note: explain to me the step of soultion
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