During June, XYZ Company incurred OMR 90,000 of actual Manufacturing Overhead and actual labor hours were 15,000. During the same period, the Manufacturing Overhead was estimated to be OMR 95,000 for...

Extracted text: During June, XYZ Company incurred OMR 90,000 of actual Manufacturing Overhead and actual labor hours were 15,000. During the same period, the Manufacturing Overhead was estimated to be OMR 95,000 for the period along with 20,000 direct labor hours. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a: a. debit to Manufacturing Overhead of OMR 95,000 b. credit to Work in Process of OMR 71,250 C. debit to Work in Proces of OMR 71,250 O d. credit to Manufacturing Overhead of OMR 90,000 e. None of the given answer is correct


Extracted text: A Company uses a job-order costing system with a single plantwide predetermined overhead rate based on labor-hours. The company based its predetermined overhead rate for the current year on total estimated manufacturing overhead cost of $120,000 and 8,0000 labor-hours. The job sheet of Job1112 shows that the number of units produced in this job order is 5 units. This job required 500 labor-hours and incurred direct materials cost of $10,000 and direct labor costs of $30,000. The unit product cost for Job1112 is: O a. $32,00O O b. $9,500 O c. None of the given answers. O d. $47,50O e. $1,500