Luxury Oils produces a product that passes through three processes: fabrication, assembly and finishing. All manufacturing costs are added uniformly throughout all processes. The following information was obtained for the Fabrication Department for June, 2014: yg 6 Work in Process, June 1 : 60,000 units, 40% complete Direct Materials Direct Labour Overhead $43,200 $24,300 8,100 During June, 105,000 units were completed and transferred out to the Assembly Department. The following costs were added Direct Materials Direct Labour Overhead $108,000 $89,910 $ 29,970Jn 880 On June 30, there were 45,000 unitsin work-in-process-60%complete Production processes and costs are relatively stable from month to month. Production managers are evaluated based on net production activity each month - both units and costs per unit. Required: a) Prepare a production report for June, 2014. Choose the appropriate methodology (use ONLY ONE methodology). (9 Marks) b) Answer the following: 2 Marks each 6 Marks Explain your choice of method for the production report. This report shows units and costs. What could be done with data from these reports to measure performance of the production department? Could this type of report be used for an accounting firm or cabinet company? Why? o o o