Casual sports limited has two production departments which are Machining and Assembling and one maintenance service department . The below budgeted estimates are for year 1. Particulars Machining Assembly Maintenance Total No of employees 160 120 120 400 Floor Area (Sq/mtr) 7,000 5,000 4,000 16,000 Power (Kilowatt hours) 70,000 52,500 17,500 140,000 Direct Machine Hours 14,000 400 - 14,400 Direct Labor hours 1,000 6,000 - 7,000 Information: Indirect material $300 $268 $320 $888 Indirect wages $2,720 $1,480 $860 $5,060 Value of machinery $52,000 $48,000 $100,000 Below is annual budgeted overheads in: USD ($) Rent 12,800 Machine depreciation 10,000 Power 7,200 Supervision of employees 6,400 Indirect material 888 Indirect Labor 5,060 Total overheads 42,348 Required: a) Prepare overhead allocation sheet and reapportion maintenance department cost to the two production departments on the basis of value of machinery. ( 6 ) b) Calculate overheads absorption rates for each production department based on machine hours for Machining department and direct labor hours for Assembling department. (3) c) Make a job order cost sheet for Job no 001 and calculate selling price if the profit margin is 20% of selling price. Consider the below information. (6) Machining Assembly Direct material in $ 3,500 100 Direct labor in $ 500 1,400 Machine hours 100 10 Direct Labor hours 20 60