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: Done OMR 18 per labor hour OMR 20 per labor hour OMR 20 per machine hour OMR 18 per machine hour Identify the product cost for a business from the following: Done Depreciation of accounting department.. Depreciation of admin building Depreciation of factory machines Depreciation delivery vehicles