15- A business incurred in its production material of OMR 5,000: labor cost OMR 7,000: machine depreciation OMR 4,000 and factory building depreciation OMR 6,000 during a month. The total fixed manufacturing cost was:

OMR 7,000

OMR 22,000

OMR 10,000

OMR 17,000

16- Which one of the following correctly describes conversion cost of a product?

Indirect labor + direct material + indirect material + indirect expenses

Direct labor + all the indirect manufacturing costs

Indirect labor + all the indirect manufacturing costs

Direct labor + indirect material + direct other cost