Question 3 Sicorp Sdn. Bhd. produces its product through two production departments; Designing Department and Machining Department. The overhead absorption rate for the Designing Department and machining Department is based on direct labour hours and machine hours respectively. The data for the period ended 30 May 2022 are as follows: MANAGERIAL AND COST ACCOUNTING 4/10 CONFIDENTIAL Departments Designing Machining 386,530 215,200 Direct labour cost (RM) Production overhead (RM) 368,355 517,000 94,450 30,000 Direct labour hours Machine hours 85,000 47,000 During May 2022, Sicorp Sdn. Bhd. received a special order for Job No 11335 from a customer. The following information is available for the job: Designing Machining 367 178 Material used (RM) Direct labour (RM) 232 402 25 45 Direct labour hours Machine hours 30 95 Additional information: (1) Hire special purpose machine from CFC Machinery Rental for an amount of RM380. (ii) Selling and distribution expenses is 25% of prime cost. (iii) Total administrative cost is RM350. (iv) The management had decided to set a profit of 25% on selling price for Job No 11335. Required: (a) Define job costing by providing ONE (1) example. (3 marks) (b) Prepare a Job Cost Sheet for Job No 11335 showing the prime costs, production costs, total costs and selling price. (Round up your answers to the nearest two decimal places. (22 marks)