واتساب"Glu"roigsi @ B.A.22بناتP Flag questionXYZ Company uses normal costing.Following are various cost andinventory data for the just completedyear: Sales revenue OMR420,0003;Adjusted gross profit OMR175,0003;Selling and admin expensesOMR145,000 ; Overapplied overheadOMR15,000 ; Prime costsOMR155,000; Work in processinventory has increased byOMR10,000 ; Finished goodsinventory has decreased byOMR20,000. How much is themanufacturing overhead costs appliedto work in process during the year?Select one:a. OMR80,000b. None of the answers givenc. OMR95,000d. OMR85,000 xe. OMR105,000The correct answer is: OMR95,000

Manufacturing OH cost is a fixed cost that is incurred as a result of normal operations of the…

XYZ Company uses normal costing. Following are various cost and inventory data for the just completed year: Sales revenue OMR420,000%3B Adjusted gross profit OMR175,0003; Selling and admin expenses OMR145,000; Overapplied overhead OMR15,000 ; Prime costs OMR155,0003; 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. OMR80,000 b. None of the answers given c. OMR95,000 Od. OMR85,000 X e. OMR105,000

XYZ Company uses normal costing. Following are various cost and inventory data for the just completed year: Sales revenue OMR420,000%3B Adjusted gross profit OMR175,0003; Selling and admin expenses OMR145,000; Overapplied overhead OMR15,000 ; Prime costs OMR155,0003; 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. OMR80,000 b. None of the answers given c. OMR95,000 Od. OMR85,000 X e. OMR105,000

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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