XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Cost of Goods Process Finished Goods Sold Direct materials OMR 3,440OMR 8,450 OMR 61,880 Direct labor OMR 6,160OMR 16,250OMR 119,000 Manufacturing overhead applied OMR 3,300OMR 6,050 OMR 45,650 Manufacturing overhead for the month was overapplied by OMR 7,000.
XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Cost of Goods Process Finished Goods Sold Direct materials OMR 3,440OMR 8,450 OMR 61,880 Direct labor OMR 6,160OMR 16,250OMR 119,000 Manufacturing overhead applied OMR 3,300OMR 6,050 OMR 45,650 Manufacturing overhead for the month was overapplied by OMR 7,000.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 11E: Shorts Company has three process departments: Mixing, Encapsulating, and Bottling. At the beginning...
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