Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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;

image text in transcribed

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

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

Principles of Accounting

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

12th edition

978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985

More Books

Students also viewed these Accounting questions

Question

How would you describe the work atmosphere?

Answered: 1 week ago

Question

=+What needs to be said first?

Answered: 1 week ago

Question

=+You couldn't expect more from a cow, could you?

Answered: 1 week ago