XYZ Company uses normal costing. Following are various cost and inventory data for the just completed year: Sales revenue OMR470,000; Adjusted gross profit OMR175,000; Selling and admin expenses OMR145,000; Overapplied overhead OMR15,000; Prime costs OMR 155,000; Work in process inventory has increased by OMR10,000 ; Finished goods inventory has decreased by OMR20,000. How much is the manufacturing overhead costs applied to work in process during the year? Select one: a. None of the answers given b. OMR155,000 c. OMR145,000 d. OMR130,000 e. OMR135,000 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 OMR64,000; 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. OMR7,500 overapplied b. OMR1,500 overapplied c. None of the answers given d. OMR7,500 underapplied e. OMR1,000 underapplied f. OMR1,000 overapplied Company XYZ is a merchandising business. The company is specialized in selling a specific brand of smartphones. The purchase cost per unit was OMR280. At the beginning of the month of May the company has inventory of 1,230 smartphones. During the month of May, the company purchased additional 1,000 smartphones. By the end of May, the company had 470 smartphones remaining in the store. The selling and general expenses for the company include wages and commissions, which include fixed monthly payment of OMR1,300 plus a OMR6 per unit sold; and depreciation of OMR2,000 per month. Assuming a selling price per unit of OMR560, calculate the total contribution margin. Select one: a. OMR478,940 b. OMR337,020 c. None of the given answers d. OMR482,240 e. OMR492,800 XYZ Company had the following information available for the last year: manufacturing overhead for the year was estimated to be OMR255,000; actual manufacturing overhead for the year was OMR250,000; actual direct labor-hours for the year were 13,010 hours; manufacturing overhead for the year was overapplied by OMR10,200. Predetermined overhead rate is based on direct labor-hours. What was the estimated direct labor-hours for the year? Select one: a. 12,750 b. 13,250 c. 14,250 d. None of the answers given