Question 1 (50 Marks) The director of public works needs to distribute the indirect cost allocation of $1.2 million to the three branches around the city. The recorded amounts for this year are as follows: Table1: Record for the Year 2020 Branch North South Midtown Miles Driven 275,000 247,000 395,000 Direct Labour Hours 38,000 31,000 55,500 The director plans to use the allocation and information from last year to determine the rates for this year. This information follows: Table2: Record for the Year 2019 Branch Basis North South Midtown Miles Driven 350,000 200,000 500,000 Direct Labour Hours 40,000 20,000 64,500 Miles Labour Labour Indirect Cost Allocation Last Year, $ 300,000 200,000 450,000 a. Determine the rates for the year 2020 for each branch. b. Use the rate to distribute this year's total indirect cost. Analyse percentage of the Year 2020 budget distribution (25 Marks) (25 Marks)