Envision yourself as a CFO at a customized furniture manufacturer and you have been given the task of setting up the cost accounting system. Describe to me the quantitative and qualitative questions that would need to be answer1. Describe to me how you would allocate manufacturing overhead? Why did you choose this method? 2. Describe to me the different departments that may need to be set-up to allocate costs. This could be one or more than one depending upon your cost allocation process chosen. 3. Walk me through the process of how costs are going to flow through your system (from the moment raw materials are purchased until the finished good is finally sold). A flow chart would be appropriate here. (This question is worth 3 points and you will have one attempt to answer it correctly.) 4. In your own words, do your best to describe what an equivalent unit is. In order to make this a little fun, let's pretend the person you're describing this to has never taken a business class. Go! ed before deciding how you would allocate your costs. Provide answers to your initial questions.