During June 2019, Nizwa Production LLC expected Job No 5 to apply RO 50,000 of factoryoverhead, RO 20,000 of direct materials, and RO 5,000 of direct labor. But the actual productionrequired a factory overhead of RO 58,000, direct material of RO 45,000, direct labor of RO 2,000,depreciation of RO 5,000. There is now work in progress. How much is the amount of over orunder applied factory overheads for Job No 5?O a. RO 8,000 over appliedO b. RO 8,000 under appliedO . RO 13,000 under appliedOd. RO 13,000 over appliedMr. Khalaf is a store's manager in Zayid Manufacturing & Trading LLC. During the month ofNovember 2020, Zayid Manufacturing received an order from a customer. The order has beenprocessed and the finished goods are transferred to the stores. During the production, in oneprocess there was a normal loss of 25 units & abnormal loss of 50 units, the total cost incurred inthe process was RO 5,000, the normal loss is estimated at RO 10 per unit, abnormal loss value wasestimated at RO 1,187.5. The production manager requested you to estimate the number of inputunits issued to the process.O a. 200 unitsO b. 275 unitsO c.225 unitsO d. 250 units Al Hadhrami Furniture LLC has completed production of 20,000 units in the month of January andthe units are transferred to stores, 10,000 units of Work in process on 31st January was availablewhich are equal to 30% completed units and 20,000 units of Work in process on 1st January whichis equal to 72% competed units. You are required to assume that beginning work in progress is20% completed and find the total number of equivalent units for the month of January.O a. 19,000 unitsO b. 6,800 unitsO c 8,600 unitsO d. 91,000 unitsAbnormal efficiency is also classified as:O a. Abnormal wasteO b. Abnormal scrapO C. Abnormal gainO d. Abnormal loss

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During June 2019, Nizwa Production LLC expected Job No 5 to apply RO 50,000 of factory overhead, RO 20,000 of direct materials, and RO 5,000 of direct labor. But the actual production required a factory overhead of RO 58,000, direct material of RO 45,000, direct labor of RO 2,000, depreciation of RO 5,000. There is now work in progress. How much is the amount of over or under applied factory overheads for Job No 5? O a. RO 8,000 over applied O b. RO 8,000 under applied O C RO 13,000 under applied O d. RO 13,000 over applied

During June 2019, Nizwa Production LLC expected Job No 5 to apply RO 50,000 of factory overhead, RO 20,000 of direct materials, and RO 5,000 of direct labor. But the actual production required a factory overhead of RO 58,000, direct material of RO 45,000, direct labor of RO 2,000, depreciation of RO 5,000. There is now work in progress. How much is the amount of over or under applied factory overheads for Job No 5? O a. RO 8,000 over applied O b. RO 8,000 under applied O C RO 13,000 under applied O d. RO 13,000 over applied

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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