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Question 5: (a) Monza Industry Company L.L.C used OMR 85,000 of materials in its production process for the month of May, 2019. Direct wages paid
Question 5:
(a) Monza Industry Company L.L.C used OMR 85,000 of materials in its production process for the month of May, 2019. Direct wages paid by the company are OMR 50,000 and overhead expenses of the company are OMR 45,000.
Ascertain the Percentage of Factory Overheads on the basis of Prime cost of Monza Industry.
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