"A manufacturing business, Grimoak, Corp., organizes its production into four cost centers."

A manufacturing business, Grimoak, Corp., organizes its production into four cost centers. Last month the company produced 60,000 items of product. Further details of the costs are included in the following table Cost center Production overhead Floor area (excluding the fa rental Machining Assembly & finishing Packaging Maintenance & repairs 291,975 1,500 sq. m 130,305 1,700 sq. m 116,140 1,600 sq. m 68,965 2,100 sq. m Maintenance & repairs is a service cost center that has worked 6,000 LH to Machining, 3,400 LH to Assembly & finishing and 5,800 LH to Packaging Required 1. Using the floor area as base of apportionment, compute the cost of the factory rental (23,115 ) of each cost center. Calculate the overhead absorption rate for each department on the following basis 2. a. Machining b. Assembly & Finishing c. Packaging d. Maintenance & Repairs - machine time direct labor hours units of production direct labor hours 120,000 MH 30,000 LH 60,000 items 15,200 LH - 3. The prime cost and timing details for one unit of production are: Materials Direct labor Prime cost (or direct cost 16.20 19.00 35.20 Each unit uses 2 hours of machine time in the machining department. Each unit uses 0.5 direct labor hours in the assembly and finishing department. Calculate the total production cost for one unit of the company's product