3.24 Intermediate: Overhead analysis and calculation of product costs A furmiture-making business manufactures quality furniture to customers' orders. It has three production departments and two service departments. Budgeted overhead costs for the comine vear are as follows: The three production departments - A,B and C, and the two service departments X and Y, are housed in the new premises, the details of which, together with other statistics and information, are given below. (a) Prepare a statement showing the overhead cost budgeted for each department, showing the basis of apportionment used. Also calculate suitable overhead absorption rates. (b) Two pieces of furniture are to be manufactured for customers. Direct costs are as follows: ( 5 marks) (c) If the firm quotes prices to customers that reflect a required profit of 25% on selling price, calculate the quoted selling price for each job