Question 3 (35 marks) Ding Dong Co. is a manufacturing company with two production departments Assembling and Finishing. Budgeted overhead costs for the third quarter of 2023 are listed below: Costs allocated: Other overhead costs: Other information: Floor area (sq. m) Power usage (%) No. of workers Production Departments $ Assembling 20,000 Finishing 15,000 Factory building maintenance cost Factory rent Power $ 22,000 84,000 30,000 Assembling Department 75,000 70% 30 Finishing Department 25,000 30% 20 Assembling Department is machine intensive while Finishing Department is largely labour-based. Assembling Department Machine hours 10,000 Direct labour hours 10,000 Required: Finishing Department 7,000 15,000 (i) Calculate the overhead absorption rate in each department by completing the table. You are required to use the most appropriate basis to apportion the relevant overhead costs. (Please show detailed workings and round up your answers to two decimal places.) (30 marks) (ii) One of the products of Ding Dong Co. is Ding Dang. Cost information to produce one unit of Ding Dang is as follows: Direct materials Direct labour Time spent in: Assembling Department Finishing Department 3 kg at $5.00 per kg 2.5 hours at $6.00 per hour 6 machine hours 8 labour hours Find the cost per unit of Ding Dang. (Please show detailed workings and round up your answers to two decimal places.) (5 marks)