47\. Following data is provided by the HR department:

Employee at the start of the month 2,000

Employee at the end of the month 2,400

During the month, the company terminated 100 staff and replaced them with 30 new staff. Due to bad working conditions 30 staff left the job. The company made new recruitment of 45 staff.

Calculate the labor turnover rate by applying Replacement Method:

a\ 4.5 %

b\ 5.6 %

c\ 2.7 %

d\ 1.4 %

48\ Direct material used in production OMR 30,000: direct wages incurred OMR 20,000: the direct labor hours worked was 1,000 hours and machine usage is 20,000 hours. The business incurred the total overhead cost of OMR 360,000.

Calculate the overhead absorption rate on the basis of machine hours:

a\ OMR 20 per machine hour

b\ OMR 18 per machine hour

c\ OMR 18 per labor hour

d\ OMR 20 per labor hour