If cost of goods produced is OMR 39,600; closing stock is 400 units; fixed overhead per unit is OMR 2 and variable overhead is OMR 7; what would be the amount of Cost of goods sold, if the income statement is prepared under Absorption costing?

a. OMR 30,800

b. OMR 36,000

c. OMR 39,600

d. OMR 8,800

2-

Standard Time is 9 hours; Hourly Rate is OMR 5; What would be the time saved, if the time taken by an employee is 6 hours?

a. 4 hours

b. 1 hours

c. 15 Hours

d. 3 Hours

3-

The piece rate is OMR 0.700 per unit; standard output is 80 units per day of 9 hours; if an employee produces 75 units. calculate the wage payable to the employee under Merricks differential piece rate system.

a. OMR 57.75

b. OMR 63

c. OMR 85

d. OMR 52.5