Question
X Company uses activity based costing and gives you the following data regarding cost pools and estimated overhead cost for each pool. Machine related RO
X Company uses activity based costing and gives you the following data regarding cost pools and estimated overhead cost for each pool.
Machine related RO 200,000
Material handling RO 275,000
Purchase related RO 360,000
General factory RO 430,000
The amount of total estimated overhead is:
a.RO 835,000
b.RO 1265,000
c.RO 790,000
The following data regarding budgeted purchase of materials is furnished before you
Budgeted Purchase | OMR |
February | 8,000 |
March | 9,800 |
April | 7,900 |
May | 9,200 |
June | 10,300 |
The cash purchase is 40%. It is estimated that 60% of the credit purchase will be paid after one month of purchase and the balance on the month after that. The amount of cash paid to creditors in the month of June is:
a.RO 5208
b.RO 5232
c.RO 5052
d.RO 5448
d.RO 1065,000
The given table shows the wage expense of Al Muzna LLC. If the delay in payment of wages is 1/5 months, the wage expense for June will be:
Month | Wage expenses |
February | 7,000 |
March | 8,000 |
April | 9,000 |
May | 6,000 |
June | 8,200 |
a.RO 7760
b.RO 6440
c.RO 7500
d.RO 6600
The following data is provided to you:
Budgeted sales | OMR |
October | 15,000 |
November | 12,000 |
December | 16,000 |
January | 14,000 |
The cash sale is 30%. It is estimated that 75% of the credit sales will be received in the next month of sales and the balance in the month after that. The amount of cash received from debtors in the month of January is:
a.RO 10,150
b.RO 10,850
c.RO 10,975
d.RO 10,500
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