1. Seeb Factory applies manufacturing overhead based on machine hours. Information concerning manufacturing overhead and labor for the year follows:

Actual manufacturing overhead costs R.O.600,000

Estimated manufacturing overhead 500,000

Actual machine hours used 4,000

Estimated machine hours 250,000

Estimated labor hours 5,000

Actual labor hours 4,300

The amount of manufacturing overhead to be applied is:

Select one:

a. None of the answers are correct

b. 10,000

c. 8,000

d. 9,600

e. 8,300

2- Nizwa Co. has the following information available for December 2019:

Total fixed costs R.O. 240,000

Units sold 400

Unit selling price of a TV unit R.O. 2,000

Unit variable costs R.O. 500

The total contribution margin is:

Select one:

a. None of the answers are correct

b. 240,000

c. 1,500

d. 600,000

e. 360,000