In January 2019. Mr. Maan started furniture manufacturing business in Oman. His business is located in Ghala Industrial areas. He earned 15000 OMR profit in 2019 in his first year of business. This year due to COVID -19 he faced lot of financial problem Since he is running furniture manufacturing business he is planning to reduce the cost of manufacturing to maintain the minimum level of profit.Mr. Waleed is working as cost accountant in his business. Mr. Msan told Mr. Waleed to prepare a cost sheet which is a statement of various costs incurred for manufacturing. This statement will help to determines the total cost or expenditure of the manufacturing operation Additional purpose of Cost Statement is competitive analysis of business. Improvement of business operation can be done with cost statement for manufacturing furniture raw material Labour wages and other production related expenses were paid. Man has divided all the cost into two part one is direct cost and other is indirect cost. Direct means directly engaged with manufacturing Indirect means which indirectly engage with manufacturing. Those cost are not directly engaged they are called overhead During the year they had following cost details (All figures shown in OMR Purchased fied assets 3500 Opening stock of Raw Materiat 60000, Opening stock of Work in Progress 27500,Opening stock of Finished Goods61500, Closing stock of raw material 48500, Closing stock of Work in Progress 24750, Closing stock of Finished Goods 66750 Material Purchased 280000, Carriage Inward for Raw Material 2150, Material destroyed by fre6650, Loss one of asset 2500. Productive Wapes 175000, Wages of Storekeeper 7500, Depreciation on Machinery 8200, Factory Rent 14000. Electricity Bal of Factory 6700, Renovation of Factory machinery 9300, Machinery Repairs and Maintenance 2500, Office Cleaning 900, Depreciation on Office Computers 3500, Office Telephone Bill 650, Office Manager's Salary 11000, Office Stationery 1700 Ft in orice car 2750Leon Charges aso, Salesperson Salary750, Warehouse Rent 4500, Freight Outwards 550, Depreciation of Delivery 2350 Showroom Rent and Taxes 8500 Dividend pad 1500. Advertisements Additional Information Mr. Waleed has taken extra 6000 OMR in opening stock of raw material while preparing cost statement realized the actual opening Hock of raw matenatis 54000 and not 000. As an Cost Accounting Student, you are required to answer following questions based on the given med De the correctement to the following base on gence indirect most are bem os overheads On the options O cactory out the one of the type of overhead a direct cont we known as prime cont Which of the towing elements of cost? O House Rent O Factory Pient Od Gi Expenses From the bottowing case study identify the non cost sheet meme based O a Factory Penn Paid On Machine Repair Cost O Depreciation of Delivery Van a dividend paid Which is included in office and mustration averted based on given? Pregh Outer Advertisement Com O Canard Legal Chargers