Transcribed Image Text: Time left 1:4 XYZ Company had the following information for the year: Direct materials used OMR 110,000 Direct labor incurred (5,000 hours)

Academic Writing accounting, business-managerial-accounting Transcribed Image Text: Time left 1:4 XYZ Company had the following information for the year: Direct materials used OMR 110,000 Direct labor incurred (5,000 hours)

accounting, business-managerial-accounting

Transcribed Image Text: Time left 1:4 XYZ Company had the following information for the year: Direct materials used OMR 110,000 Direct labor incurred (5,000 hours)

Transcribed Image Text: Time left 1:4
XYZ Company had the following information for the year:
Direct materials used
OMR 110,000
Direct labor incurred (5,000 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. None of the given answer is correct,
O b. OMR 383,000
O c. OMR 418,000
O d. OMR 363,000
O e. OMR 393,000
hp
144
12
#3
%24
3
&
6
7
8.
9.

Ready to try a high quality writing service? Get a discount here