Direct material used in production OMR 30,000: direct wages incurred OMR 10,000: direct expenses charged OMR 5,000.
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Direct material used in production OMR 30,000: direct wages incurred OMR 10,000: direct expenses charged OMR 5,000. The business incurred the total overhead cost of OMR 56,000. The direct labor hours worked was 500 hours.
Calculate the overhead absorption rate on the basis of prime cost.?
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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