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XYZ Company provided the following information regarding Product XY: Direct material costs OMR3 per unit of...

XYZ Company provided the following information regarding Product XY: Direct material costs OMR3 per unit of product; Direct labor costs OMR5 per direct labor hour; Predetermined overhead rate OMR10 per direct labor hour. The cost of a job for 550 units of product XY, which uses a total of 170 direct labor hours, is: Select one:

a. OMR4,200

b. None of the answers given

c. OMR9,900

d. OMR6,100

e. OMR4,050

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Homework Answers

Answer #1

Answer is a. OMR4,200

Explanation:

Calculation of cost of job :

Direct material cost per unit = OMR3

Total number of units = 550 units

Total direct material cost = OMR3 x 550 = OMR1650

Direct labor cost per direct labor hour = OMR5

Total direct labor hours = 170

Total direct labor cost = OMR5 x 170 = OMR850

Predetermined overhead rate = OMR10 per direct labor hour

Total direct labor hours = 170

Total overhead cost = OMR10 x 170 = OMR1700

Total cost of job =

Total direct material cost + Total direct labor cost + Total overhead cost

= OMR1650 + OMR850 + OMR1700 = OMR4200

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