Parker Ltd - continued: Trading (production and sales): You should assume that today is Monday 27th November 2023. Sales: The company has the following sales orders to be delivered during December 2020. Production: The production schedule for December 2023 (product quantities and production resources requirement) is shown below. Note: At 1st December 2023 there will be no opening inventory of finished goods. Note: At 1st December 2023 there will be no opening inventory of finished goods. Resources requirement for production: Direct costs (variable costs): Fixed indirect production overheads: Indirect production overheads are fixed (unaffected by production activity levels) at 25,900 per month. This value has been allocated and apportioned to the 3 production departments as follows: Bases for absorption: - Machining department = Machine hours - Painting department = Direct labour hours - Assembly department = Direct labour hours Note: The quantity for absorption basis (for each production department) should be established using the total departmental resources requirement shown in the tables above. Note to task 3 a. \& b.: The requirement of task 3 should be established using a marginal costing system where: - All direct costs are classified as variahle - All indirect production overheads are classified as fixed The total task 3 mark above, includes marks allocated to short descriptive notes to workings (