Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during june, xyz company incurred omr 95,000 of ac

During June, XYZ Company incurred OMR 95,000 of actual Manufacturing Overhead and actual labor hours...

50.1K

Verified Solution

Question

Accounting

During June, XYZ Company incurred OMR 95,000 of actual Manufacturing Overhead and actual labor hours were 15,000. During the same period, the Manufacturing Overhead was estimated to be OMR 90,000 for the period along with 20,000 direct labor hours. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a: O a. credit to Manufacturing Overhead of OMR 67,500 b. debit to VWork in Process of OMR 71,250 credit to Work in Process of OMR 71,250 d. None of the given answer is correct e. debit to Manufacturing Overhead of OMR 95,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

For this problem, carry at least four digits after the decimal in your calculations. Answers may...

Basic Math
Q

What are the various methods used for comparison during the evaluation of concept? Explain briefly.

Mechanical Engineering
Q

Which of the following is responsible for the cohesive property of water?Hydrogen bonds between the...

Biology
Q

et a population consist of the values 10 cigarettes 11 cigarettes and 21 cigarettes smoked...

Statistics
Q

The director of a hospital pharmacy chooses at random 100 people age 60 or older...

Statistics
Q

s stepped onto an escalator moving at a constant rate The table below shows his...

Algebra
Q

Data for Maris Company are given in BE10-1. In the second quarter, budgeted sales were...

Accounting
Q

The net income reported on the income statement for the current year was $127,900. Depreciation...

Accounting
Q

an individual receives interest income of $16,887 in 2019. the individual is in the top...

Accounting
Q

it depends on the amount of the recovery Question 2 6 pts At January 1,...

Accounting
Q

7. The NPV and payback period What information does the payback period provide? Suppose you...

Accounting
Q

Munoz Company manufactures a personal computer designed for use in schools and markets it under...

Accounting