bor hours 22,000. The amount of over- or underapplied overhead for the year was Select one: O a OMR10,500 overapplied Ob. OMR11,500 overapplied Oc None of the answers given Od OMR11,500 underapplied OMRS,000 overapplied 1OMRS,000 underapplied

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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XYZ Company uses a job costing system and applies manufacturing overhead using a predetermined overhead rate based on direct labor hours. Information for the current year is as follows: Estimated manufacturing overhead OMR65,000; Actual manufacturing overhead OMR60,000; Estimated direct labor hours 20,000; Actual direct labor hours 22,000. The amount of over- or underapplied overhead for the year was Select one: O a OMR10,500 overapplied Ob. OMR11,500 overapplied Oc None of the answers given Od OMR11,500 underapplied OMRS,000 overapplied 1OMRS,000 underapplied
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