Please answer all questions

The following estimates relate to the Miranda Processing Company for the year ended December 31, 2012 Departments Processin Servicin Indirect Costs Dept. B's Costs Dept. A's Costs Hours Worked $176,000 $156,500 $141,000$101,00o 90,0oo 15% 0% 3.750 35% 40% 20% 3.300 10% 3,000 Overheads are applied to production on the basis of the number of hours worked in each process. During March 2013 an order was received which involved the following Process Input material Material added Labour cost Normal losses Output Process hours worked Scrap value of losses 7,000 kg $71,o00 $8,070 $20,160 4% 6,242 kg $7,300 $26,700 6,450 kg s7.00/k S15.00/k i) Calculate an overhead absorption rate for each process ii) Use process accounts to calculate the cost of the order processed during March iii) Prepare the abnormal gain account iv) Given that the actual overheads incurred in processing department W turn out to be $350,000 and the actual processing hours worked 3.500, whilst the actual overheads incurred for processing department X turn out to be s165,000 and actual processing hours 3,oo0, calculate the under- or over- recovery of overheads for each department. The following estimates relate to the Miranda Processing Company for the year ended December 31, 2012 Departments Processin Servicin Indirect Costs Dept. B's Costs Dept. A's Costs Hours Worked $176,000 $156,500 $141,000$101,00o 90,0oo 15% 0% 3.750 35% 40% 20% 3.300 10% 3,000 Overheads are applied to production on the basis of the number of hours worked in each process. During March 2013 an order was received which involved the following Process Input material Material added Labour cost Normal losses Output Process hours worked Scrap value of losses 7,000 kg $71,o00 $8,070 $20,160 4% 6,242 kg $7,300 $26,700 6,450 kg s7.00/k S15.00/k i) Calculate an overhead absorption rate for each process ii) Use process accounts to calculate the cost of the order processed during March iii) Prepare the abnormal gain account iv) Given that the actual overheads incurred in processing department W turn out to be $350,000 and the actual processing hours worked 3.500, whilst the actual overheads incurred for processing department X turn out to be s165,000 and actual processing hours 3,oo0, calculate the under- or over- recovery of overheads for each department