Mr. Mohammed  furnishes the following data relating to the manufacture of a standard product during the month of April 2019. Raw materials consumed    OMR  296000 Direct labour charges           OMR   67800 Machine hour worked        21000 Machine hour rate              OMR 3.5 Administrative overheads 25% on works cost Selling and distribution expenses  OMR 0.60 per unit Units Produced 18500 Units Units Sold 16000 at OMR 6.4 per unit You are required to prepare a cost sheet from the above, showing:  (a)The cost of production per unit. (b) Profit per unit sold and  (c) Profit for the period.

The following cost incurred by Lucky corporation for October 2019 were as follows: Direct Materials used, P20,000 Indirect materials used, P1,000 Direct labor, P9,000 Indirect labor, P5,000 Other factory cost, P5,000 Selling expenses,P10,000 Administrative expenses, P12,000 Question: How much is the total product cost?   a. P62,000   b. P50,000   c. P29,000   d. P40,000   Plz answer fast without plagiarism and don't copy answer plz

he Harriott manufacturing company uses job order costing system. The company uses machinehours to apply overhead cost to jobs. At the beginning of 2020, the company estimated that 31,400machine hours would be worked and $5,024,000 overhead cost would be incurred during 2020.The following activities took place in the work in process inventory during February:                 WIP Inventory A/CNovember 1 Bal. b/f$51,250Direct Materials Used     256,400  Other transactions incurred:▪ Indirect material issued to production was $40,360▪ Total manufacturing labour incurred in November was $368,000, 75% of this amountrepresented direct labour.▪ Other manufacturing overhead costs incurred for November amounted to $340,490.▪ Two jobs were completed with total costs of $384,000 & $270,000 respectively. They weresold on account at a margin of 33⅓% on sales. 1.What is balance on the Cost of Goods Sold account after the adjustment2) Calculate the gross profit earned by Harriott on the jobs…

2. Hayday Enterprises applies manufacturing overhead on the basis of machine-hours. At the beginning of 2019, the cost accountant estimated the following cost information for the year: Total DM Costs $440,000 Total DL Costs $890,000 Total MOH Costs $754,000 Total Machine Hours 2,000 Total DL Hours 90,000 At the end of 2019, Hayday Enterprises' cost accountant noted that the company used 2,500 machine hours and actual MOH was $912,000. Was manufacturing overhead under-applied or over-applied and by how much? Provide over-application as a positive number, and under-application as a negative.

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Muscat Manufacturing LLC has furnished the following information for the month of January 2020: Materials used is RO 5,000, Direct labor is RO 2,000, Labor hours worked is 1,000, Hours of machine operation is 800 and Overhead cost is RO 1,500. The department during the period has executed an order (job). The relevant information is as follows: Materials used is RO 1,000, Direct labor is RO 900, Labor hours worked is 300 and Hours of machines operation is 150. Calculate the overhead chargeable to the job based on direct labor hour rate. a. RO 300 b. RO 675 c. RO 450 d. RO 281

The Fielder manufacturing company uses job order costing system. The company usesmachine hours to apply overhead cost to jobs. At the beginning of 2020, the companyestimated that 7,850 machine hours would be worked and $1,256,000 overhead cost wouldbe incurred during 2020.The following activities took place in the work in process inventory during February: WIP Inventory A/CDebit - February 1 Bal. b/f 51,250Debit- Direct Materials Used 256,400 Other transactions incurred:- Indirect material issued to production was $38,000- Total manufacturing labour incurred in February was $345,000, 80% of this amountrepresented direct labour.- Other manufacturing overhead costs incurred for February amounted to $340,750.- Two jobs were completed with total costs of $324,000 & $240,000 respectively. Theywere sold on account at a margin of 40% on sales.   Required:   1) State the journal entries necessary to record the above transactions in the generaljournal:a) For direct materials used in…

The following information has been extracted from the cost information system of Kevian manufacturers ltd for the last 12 weeks in the year ended 31st December 2020 Week Machine Hours Direct Labour Hours Production department Overhead Cost 1 68 30 1,190,000 2 88 35 1,211,000 3 62 36 1,004,000 4 72 20 917,000 5 60 47 770,000 6 96 68 1,456,000 7 78 44 1,180,000 8 46 38 710,000 9 72 68 1,316,000 10 94 30 1,032,000 11 68 29 752,000 12 48 38 963,000 Required: 1. Using the high-low cost estimation method develop a cost estimation function for Production department Overhead Cost using the Machine hours as the activity level.  2. Using the high-low cost estimation method develop a cost estimation function for Production department Overhead Cost using the Direct  hours  as  the  activity  level.  3. The actual Production Department Overhead Cost in week 12 from…

Checker Inc. produces automobile bumpers. Overhead is applied on the basis of machine hours required for cutting and fabricating. A predetermined overhead application rate of $12.70 per machine hour was established for 2019.   Required: If 9,000 machine hours were expected to be used during 2019, how much overhead was expected to be incurred? Actual overhead incurred during 2019 totaled $121,650, and 9,100 machine hours were used during 2019. Calculate the amount of over- or underapplied overhead for 2019. (Input the amount as positive value.) Whether the overapplied or underapplied overhead for the year is normally transferred to cost of goods sold in the income statement?

Accenture Chemicals has the following data relating to its factory in the year ended 31 December 2020: · Direct material costs OMR 500 · Direct labour cost OMR 250 The total indirect expenses for the factory are OMR 30,000. There were 5,000 labour hours worked and 25,000 machine hours consumed in the factory in the year 2020. Compute the overhead rate based on direct labour hour. a. OMR 6.000/hour b. OMR 6.150/hour c. None of these d. OMR 1.000/hour Clear my choice