Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 16 Not yet answered Total manufacturing costs assigned to job XYZ is OMR950, the job included 10 units. If the company uses a markup
Question 16 Not yet answered Total manufacturing costs assigned to job XYZ is OMR950, the job included 10 units. If the company uses a markup percentage of 80% of its total manufacturing costs, then what selling price per unit would it have established for job XYZ? Marked out of 0.80 Select one: Flag question a. OMR171.00 b. OMR95.00 c. OMR76.00 d. None of the answers given e. OMR175.75 Question 17 Not yet answered XYZ Company uses a job costing system and applies manufacturing overhead using a predetermined overhead rate based on direct labor hours. Information for the current year is as follows: Estimated manufacturing overhead OMR65,000; Actual manufacturing overhead OMR61,000; Estimated direct labor hours 20,000; Actual direct labor hours 22,000. The amount of over- or underapplied overhead for the year was Marked out of 0.80 P Flag question Select one: a. OMR9,500 overapplied b. OMR4,000 underapplied COMR10,500 underapplied d. None of the answers given e. OMR10,500 overapplied f. OMR4,000 overapplied
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started