PART D : Costing and Budgeting INSTRUCTION: Read the questions carefully and use the information provided in each question to answer that question. Show all your calculation and workings. Question 1: XYZ Electronics manufactures two large-screen smart television models: the Elite which sells for OMR 2400 and a new model, the Superior, which sells for OMR 2000. Annual production is 40,000 units for the Elite and 30,000 units for the Superior. The company's managers identified five activity cost pools and related cost drivers and accumulated overhead by cost pool as follows. Activity Estimated Overhead Cost Cost Driver Expected Use of Cost Drivers Expected Use of Cost Driver Per Television Activity-Based Overhead Rates Purchasing Machine setups Machining Quality control Number of orders 750,000 OMR Number of setups 600.000 OMR Machine hours 3.100,000 OMR Number of inspection$450,000 OMR 50000 30000 100000 5000 15 20 31 90 Elite 20.000 15.000 40.000 2,000 Superior 30.000 15,000 60.000 3.000 Requirements: 1. Prepare a schedule assigning each activity's overhead cost to the two televisions using Activity Based Costing. (Rubrics: 6.5 mark each for correct answer including the calculations and workings, for 8 items - Total 4 marks) 2. Compute the overhead cost per unit for each product. (Rubrics: I mark each for correct answer including the calculations and workings, fr 1 item - Total 1 marks) 3. Comment on the comparative overhead cost per unit. (Rubrics: 1.5 mark for the correct comparative analysis using evidence from the provided answer in Q3. Total 1 mark)