Question 12: ABZ Company is dealing in the production of two products P1 and P2. It has two production departments A and B and two service departments Y&Z. ABZ uses labor hours to allocate indirect labor cost and machine hours for allocation of indirect materials cost. During May 2022, following production data is available: Required: Calculate cost of P1 and P2 using Direct Method assuming a) Y gives service to A and B as 40% and 60% and Z gives service to A and B as 60% and 40%. b) Cost of A is allocated on labor hours basis of 50% and 50%. c) Cost of B is allocated on machine hours basis of 40% and 60%. 15 Marks