Explain the concepts of the following topics, demonstrate the working and solution for each illustration, detailed working is needed. For concepts and theories explanation question, further marks will be granted if explanation with any suitable examples and illustration for guidance. O/H schedule Illustration There are various centers in the factory: namely: Assembly and Packaging for production functions: whereas service functions including Material store & Canteen. The following ESTIMATED costs info are related for pricing and cost estimation for negotiation for a prospective contract. Estimated O/H for apportionment between centers and insurance Factory depreciation 55.300 Utilities for machine power 36,000 Cost allocated to specific cost center Assembly: $145,000 Packaging $75,000 Material store: $68,000 Canteen: $35,000 Miscellaneous and concerned info: Cost Centre Total Assembly Packaging Materials Canteen Store Floor area (m2) 3,500 4,800 6,000 1,500 Number of employees 2024 46 Machine hours 4,800 5,200 Share of Materials Store overheads 40% 60% Required: (1) Prepare a schedule showing the allocated and apportioned factory overhead costs for each cost center. (2) Re-apportion the service cost center overheads Process costing--theory Requirement: Explain the feature or process COSTITE