Question 1 AGV Sdn. Bhd. (AGV) produces many different models of motorcycle helmets. Assume that the market has responded enthusiastically to a new model, the Stealth. As a result, AGV has established a separate manufacturing facility to focus on production of Stealth. The company produces 3,000 helmets per month. AGV's monthly manufacturing costs and other data are as follows: 1. Rental of manufacturing equipment 2. Insurance on manufacturing building 3. Upkeep of building facilities 4. Raw materials (shell, liner, plastic, etc) 5. Utility costs for manufacturing facility 6. Wages for assembly line workers in manufacturing facility 7. Depreciation on office fixtures and fittings 8. Administrative office expenses 9. Quit rent on office building 10. Manufacturing manager's salary 11. Advertising & marketing expenses 12. Sales commissions to agents 13. Depreciation on manufacturing building RM2,500/month RM1,000/month RM500/month RM100/helmet RM600/month RM40/helmet RM350/month RM650/month RM2,400/year RM6,000/month RM20,000/year RM50/helmet RM2,000/month Required: a) Prepare an answer sheet with the following column headings: Cost Item Period Cost Product Cost Direct Labour Direct Materials Manufacturing Overhead Enter each cost item on your answer sheet, placing an X mark under the appropriate headings. (13 marks) b) Compute total manufacturing costs for the month. (7 marks)