1. ABC Enterprises produces plastic chairs and entity has one production department called chair plant and two service departments, packing department and maintenance department. Direct material per chair - 20 fts each at Rs. 100 Direct labour per chair - 5 hours each at Rs. 60 300 chairs were produced during the year. Production overhead cost for each cost centers are as follows Production Department Chair plant Service Departments Packing department Maintenance department Rs. 25,000 6,000 5,000 A technical assessment for the apportionment of the cost of the service departments shows: Departments AB X 80% A B 20% 75% 25% i. 11. You are required to calculate cost of the chair based on following additional information. Overhead redistribution method - Simultaneous Equation Method Overhead absorption method - Direct labour hour rate Calculate the selling price of a plastic chair if the entity uses full cost-plus basis (Markup 25%)