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The following data is taken from a job cost sheet: Particulars Amount (OMR) Material 21000 Labour 17000 Factory overheads 12000 Office overheads 12% of works

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The following data is taken from a job cost sheet: Particulars Amount (OMR) Material 21000 Labour 17000 Factory overheads 12000 Office overheads 12% of works cost Selling and distribution overheads 10000 Profit 12% on total cost The prime cost of the job is: > OMR 38000 OMR 66000 OMR 56000 OMR 50000 Thafa A Company needs to produce 680 litres of Chemical X. There is a normal loss of 10% of the material input into the proces During a given month the company produced 680 litres and there was an abnormal loss of 5% of the material input into the process. How many litres of material were input into the process during the month? 750 litres 800 litres 850 litres 900 litres of The standard material required to manufacture one unit of product X is 10 kilograms (kgs), and the standard price per kg of material is OMR 25. The cost accounts records, however reveal that 11,500 kgs. of materials costing OMR276000 were used for manufacturing 1000 units of product X A. Material Cost Variance is Bion OMR 26000 Adverse OMR 25000 Adverse B. Material Price Variance is OMR 25000 Favourable OMR 26000 Favourable C. Material Usage Variance is

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