Part $1-$ Overhead Analvsis Report

You are working for a new start$-$up company, DigiSmart Solutions Limited whose headquarters are located in the IFSC in Dublin. This company provides a range of products that provide digital solutions that are environmental and sustainable. The company has three production departments X$,$ Y & Z and two service departments,

Accounting & Finance $($A$)$ and Sales & Marketing $($M$).$

Your department has been provided with detailed numbers on the budgeted overheads expenditure for the company for the year $2024$ and you have been asked to:

Prepare an overhead analysis report for the forthcoming management meeting showing the overhead cost budgeted for each department, the basis of apportionment used and calculate suitable absorption rates.

Budgeted overhead costs for the coming year are as follows:

All the production and service departments are all housed in the same premises, the details of which, together with other statistics and information are as follows: