First step to optimize cost is to allocate all expenditures under appropriate overheads. Matrix Inc incurred various expenses in the month of May, it wants you to allocate all of them under appropriate overheads in the Cost Sheet. Hereby, you are tasked with the Cost Sheet preparation by using details mentioned below: ts) Particulars Amount Material on 30th April 2020 Wages paid to production workers Factory Insurance Office rent Management Expenses Bank charges and Commission Salesman commission Warehouse Staff salaries Factory Lighting Work-In-Progress on 1 May 2020 Raw material on 31st May 2020 Carriage Outwards Material Purchased Cost of research Debt Collection Charges Office Salaries Finished goods on 30 April 2020 Work-In-Progress on 31" May 2020 Finished Goods on 31st May 2020 Carriage Inward Delivery Van Fuel Supervisor's Salary 90,000$ 50,000$ 1500$ 15,000$ 2500$ 5000$ 15000$ 35000$ 2800$ 50,000$ 30,000 7000$ 100,000$ 30,000$ 6,000$ 30,000$ 80,000$ 20,000$ 40,000$ 4500$ 20,000$ 40,000$ In May, Matrix Inc produced 10,000 units of Steel bars and sold each unit at 100$. You are also asked to analyse the cost sheet