The research team has spent time for the development of a new Product XL and trying to establish a suitable selling price. In the previous year's Company has used Cost + 15% set the selling price. The following standard cost card is available for product XL: Direct material: R.O. Material 1 4kg at OMR 6 per kg 24 Material 2 Direct labour Fixed Overheads 2 Kg at OMR 3.5 per Kg 3 hours at OMR 4 per hour 3 hours at OMR 2.5 per hour 7 12 7.5 Required: 1. Identify two different cost-Plus pricing methods that could be used to decide the Price of product XL and explain advantage and disadvantage of each method