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 166,000 The Company used a predetermined overhead rate of OMR 30 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of OMR 17,000 What was cost of goods manufactured? O a. OMR 383,00O O b. OMR 418,000 O c. OMR 363,000 O d. None of the given answer is correct e. OMR 393,000

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 166,000 The Company used a predetermined overhead rate of OMR 30 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of OMR 17,000 What was cost of goods manufactured? O a. OMR 383,00O O b. OMR 418,000 O c. OMR 363,000 O d. None of the given answer is correct e. OMR 393,000

Name: XYZ Company had the following information for the year:Direct materia
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Description: XYZ Company had the following information for the year:Direct materials usedOMR 110,000Direct labor incurred (4,000 hours)OMR 150,000Actual manufacturing overhead incurredOMR 166,000The Company used a predetermined overhead rate of OMR 30 per direct

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...

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