PREPARE THE COST SHEET Materials 1000 Labor 500 300 50% of labor Direct expense Factory Overheads Administration Overheads Selling Overheads 200 100 Profit 20% on selling price. What is the amount of Profit? OMR 678.50 OMR 587.50 OMR 650.50 OMR 866.6666 What is the amount of Sales Price? OMR 3937.50 OMR 3466.66 OMR 2937.50 OMR 3250.50