Question 2 (a) Estimated cost and operating data for three departments for the year 2021 are as follows: Designing Cutting Finishing Direct labour hours 70,000 45,000 60,000 Machine hours 30,000 70,000 21,000 Direct material cost RM400,000 RM290,000 RM300,000 Manufacturing overhead cost RM441,000 RM315,000 RM480,000 Predetermined overhead rates are computed using the following allocation bases in the three departments: Designing Cutting Finishing Allocation base Direct labour hours Machine hour Direct materials cost Required: i) Assume that Designing Department works on three jobs during the upcoming year. a. Direct labor-hours recorded by jobs are Job YB7717 12,000 hours; Job YB0812 36,000 hours; and Job YB1101 30,000 hours. Compute the overhead applied to Work in Process for the year. (10 marks) b. Compute the amount of overhead under-applied or over-applied if actual overhead costs for Designing Department total RM510,000 for the year and explain the impact on the net operating income if the amount is closed to cost of goods sold. (5 marks) c. Would you expect substantially different amounts of overhead cost to be charged to some jobs if the company used a plantwide overhead rate based on machine hours instead of using departmental rates? Explain. No computations are necessary. (5 marks) (b) AMD Ryzen Sdn Bhd uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month: Work in process, beginning: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion... 800 60% 10% Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month RM1,296 RM2,416 16,000 Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost RM47,076 RM497,213 Work in process, ending: Units in process Stage of completion with respect to materials. Stage of completion with respect to conversion. 300 60% 70% Required: i) Prepare a schedule of equivalent unit. (2 marks) ii) Compute the cost per equivalent unit (5 marks) iii) Compute the costs of goods transferred out and the cost of ending work in process