A manufacturing business, Grimoak, Corp., organises its production into four cost centres. Last month the company produced 60,000 items of product. Further details of the costs are included in the following table: Cost centre Production overhead Floor area (excluding the factory rental) Machining 291,975 1,500 m2 Assembly & nishing 130,305 1,700 m2 Packaging 116,140 1,600 m2 Maintenance & repairs 68,965 2,100 m2 Total 607,385 6,900 m2 Maintenance & repairs is a service cost centre that has worked 6,000 LH to Machining, 3,400 LH to Assembly &nishing and 5,800 LH to Packaging. Required: 1. Using the oor area as base of apportionment, compute the cost of the factory rental (23,115 E) of each cost centre. 2. Calculate the overhead absorption rate for each department on the following basis: a.Machining - machine time - 120,000 MH b.Assembly & Finishing - direct labour hours - 30,000 LH c. Packaging - units of production - 60,000 items d.Maintenance & Repairs - direct labour hours - 15,200 LH 3. The prime cost and timing details for one unit of production are: Materials Direct labour Prime cost or direct cost Each unit uses 2 hours of machine time in the machining department. Each unit uses 0.5 direct labour hours in the assembly and nishing department. Calculate the total production cost for one unit of the company's product