Victor Industries initiated the process of setting standards for the forthcoming period. One of their...
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Accounting
Victor Industries initiated the process of setting standards for the forthcoming period. One of their products, V50, needs 10 Kg of material A and 6 Kg of material B, at a standard price of OMR 5 per kg and OMR 8 per kg respectively. Direct labour will cost OMR 6 per hour and each unit of V50 requires 4 hours of labour. Calculate standard prime cost for one unit of product V50.
a.
OMR 122
b.
None of the options
c.
OMR 98
d.
OMR 24
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