please see attached. I need answers for my home work about overhead allocations using the direct method. I already solved question1

Centre for Continuing Education HRM-817 Business Finance & Accounting Assignment 2 (Worth 10 out of 35 Assignment Marks) Chapters 3, 4, & 5 Fine Print: Individual Submission Submit by Drop box and clearly indicate name of student on the Cover page. Submit using Word or Excel Presentation is important, make sure it flows and is easy to follow; Show all calculations. Page 1 of 3 Question 1: Absorption & Variable Costing (25 marks) Wilderness Products manufactures and sells camping equipment. Recently, the company opened a new plan to manufacture a lightweight, self-standing tent. Cost and sales data for the first month of operations (June 2016) are as follows: Manufacturing Costs Fixed overhead $200,000 Variable overhead $4 per tent Direct labour $16 per tent Direct material $40 per tent Beginning inventory 0 tents Tents produced 10,000 Tents sold 9,000 Selling and administrative costs Fixed $400,000 Variable $6 per tent sold The tent sells for $150. Management is interested in the opening month's results and has asked for an income statement. Required: a) Assuming the company uses absorption costing: 1. calculate the manufacturing cost per unit 2. prepare an absorption-costing income statement for the month of June 2016 b) Assuming the company uses variable costing: 1. calculate the variable manufacturing cost per unit 2. prepare a variable-costing income statement for the month of June 2016 c) Reconcile the difference in net income between the absorption and variable costing methods Page 2 of 3 Question 2: Overhead allocations using the Direct Method (15 Marks) Chou Company has three support departments and two producing departments. Information for each department for 2006 is as follows: Support Departments Producing Departments Plant Plant Plant Administration Maintenance Cafeteria Machining Assembly Budgeted overhead costs $120,000 $100,000 $50,000 $200,000 $400,000 Direct labour hours 6,000 10,000 4,000 20,000 30,000 Square feet occupied 2,000 3,000 5,000 35,000 65,000 Number of employees 5 6 3 15 25 Plant administration costs are allocated based on direct labour hours, plant maintenance costs are allocated based on square footage occupied, and plant cafeteria costs are allocated based on the number of employees. The company does not divide overhead into fixed and variable components. Predetermined overhead rates for the producing departments are based on direct labour hours. Required: a)Allocate the support department costs using the direct method. b) Calculate the predetermined overhead rates the producing departments would use to apply overhead to units of product. Page 3 of 3