ALL questions in this paper. [100 MARKS] QUESTION 1 (20 Marks) REQUIRED 1.1 Prepare the overhead allocation statement (using traditional costing). (14 marks) 1.2 Calculate the allocation rate (expressed to the nearest cent) for each of the production centres, based on machine hours for Machine centres A and B and direct labour hours for Assembly. (3 marks) 1.3 Calculate the overheads applied to each batch of the product. (3 marks) INFORMATION Perth Limited has three production centres (Machine Centre A, Machine Centre B and an Assembly Centre) and two service centres (Materials Procurement and General Manufacturing Support). The annual overhead costs are as follows: Costs R Indirect materials: Machine Centre A 300 000