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XYZ Company uses a job costing system and applies manufacturing overhead using a predetermined overhead rate based on direct labor hours. Information for the current
XYZ Company uses a job costing system and applies manufacturing overhead using a predetermined overhead rate based on direct labor hours. Information for the current year is as follows: Estimated manufacturing overhead OMR65,000; Actual manufacturing overhead OMR67,000; Estimated direct labor hours 20,000; Actual direct labor hours 22,000. The amount of over- or underapplied overhead for the year was Select one: a. OMR4,500 underapplied b. OMR4,500 overapplied c. OMR2,000 overapplied d. OMR2,000 underapplied e. OMR3,500 overapplied f. None of the answers given Total manufacturing costs assigned to job XYZ is OMR950; the job included 10 units. If the company uses a markup percentage of 75% of its total manufacturing costs, then what selling price per unit would it have established for job XYZ? Select one: a. OMR171.00 b. None of the answers given c. OMR71.25 d. OMR166.25 e. OMR95.00 Company XYZ produced 1,000 units of product A. At this level, the variable manufacturing costs were OMR 360,000 and the variable selling and administrative costs were OMR90,000, Furthermore, the total fixed cost was OMR120,000. Assuming the company increased the production level to 1,030 units, what would be the increase in total manufacturing costs? Select one: a. OMR17,100 b. None of the given answers c. OMR10,800 d. OMR13,500 e. OMR14,400
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