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Question 5 Not yet answered XYZ Company uses normal costing. Following are various cost and inventory data for the just completed year: Sales revenue OMR390,000;
Question 5 Not yet answered XYZ Company uses normal costing. Following are various cost and inventory data for the just completed year: Sales revenue OMR390,000; Adjusted gross profit OMR175,000; Selling and admin expenses OMR 145,000; Overapplied overhead OMR15,000; Prime costs OMR155,000; Work in process inventory has increased by OMR10,000; Finished goods inventory has decreased by OMR20,000. How much is the manufacturing overhead costs applied to work in process during the year? Marked out at 0.80 Flag question Select one: a. None of the answers given b. OMR75,000 c. OMR55,000 d. OMR50,000 e. OMR65,000 Question 6 Not yet answered Beginning raw materials inventory was OMR55,000. During the month, OMR175,000 of raw materials was purchased. A count at the end of the month revealed that OMR54,000 of RM was still present. The cost of indirect materials used during the month was OMR15,000. What is the cost of direct materials used? Marked out of 0.80 P Flag question Select one: a. None of the answers given b. OMR176,000 COMR151,000 d. OMR149,000
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