QUESTION 2 i. In order to calculate the cost of product, the direct costs such as direct material costs and labour costs as well as the manufacturing overheads would be allocated to the product. Suggest TWO (2) reasons of allocating the costs. (6 marks) ii. Firms also incurred other expenses such as R&D, CEO compensation and marketing costs. State your opinion whether those costs should be allocated to each product. (4 marks)