QUESTION 2 AC Sdn Bhd (ASB) is located in Changloon and involves in manufacturing quality bag for education sector. Below is the information regarding the company's operation for the year ended 30 November 2018: RM Sales commissions 5,288 Utilities costs 13,125 Depreciation expense 18,000 Direct labour cost ? Administration insurance expense 9,600 Purchases of raw materials 54,750 Indirect materials cost 11,775 Advertising expense 4,500 Indirect labour cost 58,875 Factory insurance expense 8,500 Factory repair 8,775 Administrative salaries 9,000 Factory maintenance 5,850 Marketing and selling salaries 7,500 Additional information: 1. Inventory balances at the beginning and ending of November 2018 were: Raw materials Work in process Finished goods November 1 RM7,875 RM6,263 RM88,088 November 30 RM12,000 RM4,163 RM83,269 2. 80% of the utilities costs apply to factory operations; the remaining amounts apply to selling and administrative activities. 3. 70% of the depreciation expense is for the factory equipment; 30% is for the office equipment. 4. Prime cost is RM86,625. REQUIRED: (a) Prepare a schedule of cost of goods manufactured for the year ended 30 November 2018. (b) Explain period cost and give ONE (1) example.