Title ay A I Normal I No Spac... Heading 1 Heading 2 Paragraph Styles Q.7. Atlas Cycle Manufacturing Company furnished the following information of the total expenditure incurred in the January 2020. Material used OMR 45,500; Wages paid for the labours OMR 42,400 for the hours worked 25,000. The machine is in operation for 35,000 hours in which 7,000 hours was lost due to repairs and maintenance and Total overhead cost OMR 43,000. Rent paid OMR 5000, Rent received OMR 2,000. An order has been executed to manufacture and deliver the 20 cycles for which materials to be used for OMR8,000. In order to accomplish the work labour were paid OMR 11,250 for 2,600 hours and machine has been used for 2,400 hours. You are required to calculate the overhead chargeable to manufacture 20 cycle on order by the following methods. a. Percentage of direct material cost b. Percentage of labor hour cost c. Percentage of Prime cost d. Direct labor hour rate e. Machine hour rate