Question 2: Oman Pharmaceutical Products Co. LLC is a pharmaceutical company in Oman. Costing procedure for Oman Pharmaceutical Products Co. LLC company is very important. It needs to update in a regular basis. Moreover, all Pharmaceuticals firms try to keep this information secret in this competitive market. The company is trying to identify the costing procedure followed presently including cost accounting systems procedure and techniques. Company want to achieve top quality along with cost control by using its cost accounting information very strongly. Questions for Discussion: (3+4+3+5= 15 Marks) 1. How cost accounting helps Oman Pharmaceutical Products Co. LLC in determining the selling price? (300 words) b. Which kind of decision can be taken by Oman Pharmaceutical Produets Co. LLC using cost accounting method? (400 words) c. Which technique of costing can be used by Oman Pharmaceutical Products Co. LLC and justify why that technique can be used? (300 words) d. What are the benefits enjoyed by Oman Pharmaceutical Products Co. LLC, by adopting cost accounting? (500 words) details: Question 3: Gulfwar Company LLC want to computed labor turnover rates for the quarter ended 31- March 2020 and company wants to formulate an incentive scheme with a view to increase productivity. The manager has provided you the following (6+6+3 - 15 Marks) a. The labor details and asked you to calculate the labor turnover using different methods. In Gulfwar Company LLC, during the March 850 workers were discharged from duty while 275 workers left. Number worker on 1" March were 1,200. During the year 670 workers were recruited of these 450 workers were recruited because of exits and the rest were recruited in accordance with expansion plans. Company was having 1,400 workers on 31 March b. Gulfwar Company LLC pays wages of RO 3,200 per week of 25 hours, plus a cost of living of RO 7.50 per hour worked. Worker is given 10 hours task to perform, which he accomplishes in 7 hours. What would be his total hourly rate of earnings using Halsey Weir Plan, and what difference would it make if he were paid under the Rowan Plan? c. In your opinion, what can be the reasons for high labor turnover. (300 words) ALL THE BEST Page 4 of 4