ASAP SOON AS POSSIBLE

Question 4 The following are manufacturing overhead costs for GrabPanda Designs Sdn Bhd. The company has in total four departments: two production departments and two service departments. Production overheads for the year ending 31 December 2021 are expected to be as follows: Overhead RM Rent and rates 15,200 Lighting and Heating 12,160 Depreciation of Machinery 14,000 Insurance of Machinery 3.500 Supervisors salary 15,200 Insurance - Premises 7,600 The following information is also available: Production Depts. Service Depts. Blending Packaging Stores Maintenance Total Floor Area 400 300 100 150 950 Number of production 9 7 16 workers Value of Machinery (RM 15 10 4 6 35 *000) Each production worker is expected to work 38 hours per week for 48 weeks during 2021. You are required to: (a) Prepare an overhead apportionment schedule for the year ended 31" December 2021, clearly indicating the basis of apportionment for each overhead. (12 marks) (b) Re-apportion the service departments overheads as follows: Blending 60% Stores Maintenance Packaging 40% 50% 50% (4 marks) (d) Calculate overhead absorption rates for the Blending and Packaging Departments for the year ending 31" December 2021 based on respective labour hours per department. (4 marks) Total: 20 marks