(a) A factory has three production departments: The policy of the factory is to recover the production overheads of the entire factory by adopting a single blanket rate based on the percentage of total factory overheads to total factory wages. The relevant data for a month are given below: Department Direct Direct Factory Director Machine Materials Wages Overheads Labour Hours Hour Budget Machining 6,50,000 80,000 3,60,000 20,000 80,000 Assembly 1,70,000 3,50,000 1,40,000 1,00,000 10,000 Packing 1,00,000 70,000 1,25,000 50,000 Actual Machining 7,80,000 96,000 3.90,000 24,000 96,000 Assembly 1,36,000 2,70,000 84,000 90,000 11,000 Packing 1,20,000 90,000 1,35,000 60,000 The details of one of the representative jobs produced during the month are as under: Job No. 100 Department Direct Direct Director Machine Materials Wages Labour Hours Hour Machining 1,200 240 60 180 Assembly 600 360 120 30 Packing 300 60 40 The factory adds 30% on the factory cost to cover administration and selling overheads and profit. Required: (0) Calculate the overhead absorption rate as per the current policy of the company and determine the selling price of the Job No. 100. (ii) Suggest any suitable alternative method(s) of absorption of the factory overheads and calculate the overhead recovery rates based on the method(s) so recommended by you. (iii) Determine the selling price of Job 100 based on the overhead application rates calculated in (II) above. (iv) Calculate the department wise and total under or over recovery of overheads based on the company's current policy and the method(s) recommended by you