In January 2019. Mr. Msan started furniture manufacturing business in Oman. His business is located in Ghala Industrial area. 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. Maan 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 Maan hos divided all the cost into two part one is direct cost and other is indirect cost. Direct means directly engaged with manufacturing Indirect mears which indirectly engage with manufacturing. Those cost are not directly engaged they are called overhead. During the year they had following cost details (Al figures shown in OMR Purchased fwed assets 3500. Opening stock of Raw Material 60000, Opening stock of Work in Progress 27500. Opening stock of Finished Goods61500. Closing stock of raw material 48500 Clouing stock of Work in Progress 24750, Closing stock of Finished Goods 6750 Material Purchased 280000, Carriage Inward for Raw Material 2150, Material destroyed by fire 6650 Loss on sale of asset 2500 Productive Wages 175000, Wages of Storekeeper 7500, Depreciation on Machinery 8200, Factory Rent 14000, Electricity Bill of Factory 6700, Renovation of Factory machinery 9300, Machinery Replies and Maintenance 2500, Office Cleaning 900, Depreciation on Office Computers 3500, Office Telephone Bill 650, Office Manager's Salary 11000. Ottice Stationery 1700. Fuel In Office Car 2750, Legal charges aso, Salesperson Salary7750, Warehouse Rent 4500 Freight Outwards 550, Depreciation of Delivery V2350 Showroom Rent and Taxes 8500, Dividend paid 3500. Advertisement SODO.Additional Information Mr.Waleed has taken extra 6000 OMR in opening stock of raw material while preparing cost statement he realed the actual opening Hock of raw material is 54000 and not 60000. As an Cost Accounting Student, You are required to answer following questions based on the given case If total factory cost is OMR 504.000.Calculate the work cost by considering work in progress stock based on given cost details O a605570 OMR O 1.57060S OMR OC 607505 OMR O d. 506750 OMR In the year 2019 profit was 15000 OMR.Which was expected 60000 OMR Accordingly find out the percentage of actus earned profits compare to expected O a. 60 Percentage O b. 10 Percentage O c.50 Percentage O d. 25 Percentage