(Multiple choice.....choose the correct answer ....without explanation)

Oman Textile Mills LLC's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales were:

January OMR 80,000

February OMR 48,000

March OMR 120,000

The cash inflow in the month of March is expected to be

a.

OMR 72,000

b.

OMR 86,400

c.

OMR 68,400

d.

OMR 90,400

(Multiple choice.....choose the correct answer ....without explanation)

National Biscuit Industries LTD SAOG produces three products biscuits, chips and choco sticks. Biscuits requires 540 machine setups and machine hours used on it were 720. Chips requires 1000 machine setup and machine hours used on it were 600. Choco Sticks requires 460 machine setups and machine hours used on it were 1700. The company has defined an activity cost pool machine setups for which the cost driver is number of machine setups. The total overhead cost assigned to that cost pool was OMR 200,000. Estimate the machine setups overhead assigned to each of the products produced by the company

a.

OMR 50,000 for biscuits; OMR 100,000 for chips; OMR 46,000 for choco sticks

b.

OMR 54,000 for biscuits; OMR 100,000 for chips; OMR 62,000 for choco sticks

c.

OMR 54,000 for biscuits; OMR 100,000 for chips; OMR 46,000 for choco sticks

d.

OMR 58,000 for biscuits; OMR 100,000 for chips; OMR 64,000 for choco sticks