Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

q4 XYZ company uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Dept.

q4
image text in transcribed
XYZ company uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Dept. X and on machine-hours in Dept. Y. At the beginning of the year, the Corporation made the following estimates: Dept. X Dept. OMR 60.000 OMR 40.000 Direct labor cost Manufacturing over head Direct labor-hours OMR 120.000 OMR 60,000 6,000 Machine-hours 9.000 15,000 2,000 What predetermined overhead rates would be used in Dept. X and Dept. Y respectively? O a 150% and OMR 5.00 Ob 200% and OMR 4.00 C167% and OMR 4,00 Od 167% and OMR 6.67 None of the given answers

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

An Audit Tool For Warfarin Therapy

Authors: Fatema Nuzhat, Malik Hasmat

1st Edition

3659426458, 978-3659426452

More Books

Students also viewed these Accounting questions

Question

Identify and explain the three global product strategies?

Answered: 1 week ago

Question

State the importance of control

Answered: 1 week ago

Question

What are the functions of top management?

Answered: 1 week ago

Question

Bring out the limitations of planning.

Answered: 1 week ago

Question

Why should a business be socially responsible?

Answered: 1 week ago

Question

4. How is culture a contested site?

Answered: 1 week ago