Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

XYZ company uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Dept. X

image text in transcribed
XYZ company uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Dept. X and on machine-hours in Dept. Y. At the beginning of the year, the Corporation made the following estimates: Dept. x Dept. Y Direct labor cost OMR 40,000 OMR 60,000 Manufacturing overhead OMR 60,000 OMR 100,000 Direct labor-hours 6,000 9,000 Machine-hours 15,000 20.000 What predetermined overhead rates would be used in Dept. X and Dept. Y, respectively? O a. 167% and OMR 6.67 Ob. 200% and OMR 4.00 O c. 150% and OMR 5.00 O d. None of the given answers

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

IS Audit And Control For Accountants

Authors: Mr Amir Manzoor

1st Edition

1493665006, 978-1493665006

More Books

Students also viewed these Accounting questions

Question

What were your most important educational experiences?

Answered: 1 week ago

Question

Which personal relationships influenced you the most?

Answered: 1 week ago