JOB "A" Costs for the Month of September Production and sales of Hats Production and sales of Chains 15 units 10 units Direct Material # Sheets of paper used to make HATS #Sheets of paper used to make CHAINS #stickers to make HATS #stickers to make CHAINS 1 per unit 1 per unit 4 per unit 8 per unit s 0.05 per sheet s 0.05 per sheet $ 0.01 each $ 0.01 each 2.500 Direct Labor HOURS Hats Chains Total hours Cutting labor hours 1,500 1,500 Assembly labor hours 2.500 3.000 5.500 Finishing labor hours 1,500 4,000 Total Direct Labor Hours (September) 5,000 6,000 11,000 Cost per Direct Labor COSTS hour Hats Chains Total Cutting labor $15.00 Assembly labor $15.00 Finishing labor $15.00 TOTAL DIRECT LABOR COSTS Manufacturing Overhead (TOTALS) Quality control hours 320 hours 40.00 per hour Indirect labor -- Supervisor hours $ 60.00 per hour Other indirect labor (stockroom, materials960 hours $ 15.00 per hour handling) Depreciation on tape machines $1.000 per month Depreciation on stapling machines $2,000 per month Depreciation on cutting machine $3,000 per month Rent and taxes on the factory $10.000 per month Utilities $1,500 per month Staples $100 Tape S150 360 REQUIRED: (a) Using the information below, you are required to complete the Job Cost sheet (provided in EXCEL) to show all the total product costs for Job A; which includes 15 units of paper hats and 10 units of chains. (5%) (b) Shahira Osama, the company CEO, has asked you to help in identifying some other method for allocating overhead in the determination of product cost. Identify at least one other possible way of allocating the overhead and hence RECALCULATE the product cost of the job "A" (using sheet 2 of the EXECL). (5%)