QUESTION 2 The following information relates to company XYZ. Manufacturing overheads: Allocation by departments: Required: a. Allocate the manufacturing overheads by departments. (15 marks) b. A product passes through two processes A and B. During the month ended June, 1.500 products were produced. The detailed cost break up is as follows: Indirect overhead cost during the period were P60,000 apportioned to the processes based on direct labour costs. No work in progress existed at the begmnng and end of the period. Required: Prepare relevant process accounts (10 marks)