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Direct material used in production OMR 15,000: direct wages incurred OMR 9,500: direct expenses charged OMR 2,500 and machine usage is 250 hours. The business incurred the total overhead cost of OMR 28,000. The direct labor hours worked was 400 hours. Calculate the absorption rate for prime cost: 186.66 % 103.70 % 114.28 % None of the these

Direct material used in production OMR 15,000: direct wages incurred OMR 9,500: direct expenses charged OMR 2,500 and machine usage is 250 hours. The business incurred the total overhead cost of OMR 28,000. The direct labor hours worked was 400 hours. Calculate the absorption rate for prime cost: 186.66 % 103.70 % 114.28 % None of the these

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Direct material used in production OMR 15,000: direct wages incurred OMR 9,500: direct expenses charged OMR 2,500 and machine usage is 250 hours. The business incurred the total overhead cost of OMR 28,000. The direct labor hours worked was 400 hours. Calculate the absorption rate for prime cost: 186.66 % 103.70 % 114.28 % None of the these Tiskk tL. ellewi.
Transcribed Image Text:Direct material used in production OMR 15,000: direct wages incurred OMR 9,500: direct expenses charged OMR 2,500 and machine usage is 250 hours. The business incurred the total overhead cost of OMR 28,000. The direct labor hours worked was 400 hours. Calculate the absorption rate for prime cost: 186.66 % 103.70 % 114.28 % None of the these Tiskk tL. ellewi.
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