Parker Ltd $-$ continued:Trading $($production and sales$)$:You should assume that today is Monday $27$th November $2023.$Sales:The company has the following sales orders to be delivered during December $2020.$Order $/$ product: Order $\text{'}$A$\text{'}$ Order $\text{'}$B$\backslash$deg Order 'CQuantity to be delivered $($sales in units$)$Selling price $($per unit$)1004080$Production:The production schedule for December $2023($product quantities and production resources requirement$)$ is shown below.Order $/$ product: Order $\text{'}$A$\text{'}$ Order $\text{'}$B$\backslash$deg Order 'C'Finished goods:Quantity to be produced$1\mathrm{.}0001\mathrm{.}140$Note:At $1$ December $2023$ there will be no opening inventory of finished goodsResources requirement for production:mirect costs variable costs$)$Order $/$ product: Order 'AOrder BOrder 'C'Machining department:Incremental materials costDirect labour hours $($total$)$Machine hours $($total$)2\mathrm{.}700$Totals$6\mathrm{.}200$TOC$1,5001302202,00090320$ hours$150570$ hoursPainting department:Incremental materials cost $1,600150$Machine hours $($total$)3\mathrm{.}000140801,40056000100390$ hours$220$ hoursAssemDIy aepartment.Incremental materials cost$1\mathrm{.}870$Direct labour hours $($total$2002\mathrm{.}000240$Machine hours $($total$)1\mathrm{.}2005\mathrm{.}050150590$ hours$80210$ hoursParker Ltd $-$ continued: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:Production department: Machining Painting AssemblyTotalFixed costs $($allocation ~ annortionmentiCIPADDOT$8\mathrm{.}0001526\mathrm{.}000$Bases for absorption:$*$ Machining department $=$ Machine hours$*$ Painting department $=$ Direct labour hours$*$ Assembly department $=$ Direct labour hoursNote:The quantity for absorption basis $($for each production department$)$ should be established using the total departmental resources requirement shown in the tables above.Required:Task $2$:Prepare $($for each product and in total$)$ the following planned values for December $2021$:a$.$ Prime costs$11$ Marksb. Total $($full$)$ costs of production$14$ Marksc. Finished goods closing inventories $/$ cost of sales$7$ Marksd. Gross profits $($and gross profit margins$)3$ Marks