19219 'Ii'it'v\". 125.: 77%- This document contains ink, shapes and i... v QUESTION 2 Study the information provided below and answer the following questions. 5/1/1319 Limited manufactures precision tools to its customers' own specifications. The manufacturing operations are divided into three cost centres: A, B and C. An extract from the company's budget for the forthcoming period shows the following data: Cost Budgeted production Basis of production overhead centre overhead, R absorption, R A 385 000 22 000 machine hours B 750 880 19 760 machine hours C 409 640 41 800 labour hours Job MDF001 was manufactured during the period and itsjob cost sheet reveals the following information relating to the job: Direct material requisitioned R67 801 Direct material returned to store R396.00 Direct labour recorded against MDFOO1: Cost centre A 146 hours at R4800 per hour Cost centre B 39 hours at R5700 per hour Cost centre C 279 hours at R6100 per hour A special machine was hired forjob AX1 at a cost of R590.00. Machine hours recorded against job MDF001: Cost centre A 411 hours Cost centre B 657 hours Price quoted and charged to customers, including delivery R172 000. Mm Limited absorbs nonproduction overhead using the following pre determined overhead absorption rates: Administration and general overhead 10% of production costs Selling and distribution overhead 12% of selling price REQUIRED: 2.1 Calculate the predetermined overhead absorption rate for each of the cost centres, using the basis indicated (3) 2.2 Present an analysis of the total cost and profit or loss attributable tojob MDF001 (12) III C) <