https://elearn.squ.edu.om/mod/quiz/attempt.php?attempt3D1764 EMIC) E-LEARNING SERVICES - SQU LIBRARIES SQU PORTAL ATTEND Time left 1:56:15 O c. Finished Goods to be understated by OMR 12,000 the year....

Extracted text: https://elearn.squ.edu.om/mod/quiz/attempt.php?attempt3D1764 EMIC) E-LEARNING SERVICES - SQU LIBRARIES SQU PORTAL ATTEND Time left 1:56:15 O c. Finished Goods to be understated by OMR 12,000 the year. O d. Cost of Goods Manufactured to be overstated by OMR 12,000 for the year. Work in Process to be understated by OMR 12,000 at year end. A Company uses job order costing and has chosen direct labor hours to allocate its manufacturing overhead. The company estimates that total direct labor hours to be operated next year are 300,000 hours. The estimated variable overhead is $10 per hour and the estimated fixed overhead costs are $500,000. The predetermined overhead rate is: O a. None of the answers given O b. S16.67 Oc. $11.67 O d. $7 O e. $1.67 OUS PAGE NEXT PAGE