1. A company is in the process of setting standard unit costs for next period. Product M uses two types of material, P and Q. 10 kg of material P and 5 kg of material Q are needed, at a standard price of OMR 5 per kg and OMR 10 per kg respectively. Direct labor will cost OMR 12 per hour and each unit of M requires 5 hours of labor. Production overheads are to be recovered at the rate of OMR 5 per direct labor hour, and general overhead is to be absorbed at a rate of ten per cent of production cost. What is the standard prime cost, cost of production and cost of sales of one unit of product M