XYZ Company had the following information for the year: Direct materials used OMR 110,000 Direct labor incurred (4,000 hours) OMR 150,000 Actual manufacturing overhead incurred OMR 166,000O The...

XYZ Company had the following information for the year:<br>Direct materials used<br>OMR 110,000<br>Direct labor incurred (4,000 hours)<br>OMR 150,000<br>Actual manufacturing overhead incurred<br>OMR 166,000O<br>The Company used a predetermined overhead rate of OMR 35<br>per direct labor hour for the year. Assume the only inventory<br>balance is an ending Work in Process Irentory balance of<br>OMR 17,000. What was cost of goods manufactured?<br>a.<br>OMR 383,000<br>O b. OMR 418,000<br>Ос.<br>OMR 363,000<br>d. OMR 393,000<br>е.<br>None of the given answer is correct<br>

Extracted text: XYZ Company had the following information for the year: Direct materials used OMR 110,000 Direct labor incurred (4,000 hours) OMR 150,000 Actual manufacturing overhead incurred OMR 166,000O The Company used a predetermined overhead rate of OMR 35 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Irentory balance of OMR 17,000. What was cost of goods manufactured? a. OMR 383,000 O b. OMR 418,000 Ос. OMR 363,000 d. OMR 393,000 е. None of the given answer is correct

Jun 11, 2022

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XYZ Company had the following information for the year: Direct materials used OMR 110,000 Direct labor incurred (4,000 hours) OMR 150,000 Actual manufacturing overhead incurred OMR 166,000O The...

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