Question B2 The Major Pumpkin Manufacturing Company has two departments - Moulding and Painting. Moulding uses a departmental production overhead absorption rate based on machine hours. Painting uses a departmental production overhead absorption rate based on direct labour hours. The budget and actual data for period 1 are given below: Direct Wages E Labour Machine hours hours Production overhead Budget Moulding 24,000 4,000 12,000 180,000 Painting 70,000 10,000 1,000 100,000 Actual 30,000 5,000 14,000 215,000 Moulding Painting 59,500 8,500 800 82,000 During period 1, a batch of pretend pumpkins was made which had the following costs and times: Direct wages Labour hours Machine hours Moulding 726 120 460 Painting 2,490 415 38 The direct material cost of the batch was 890. (a) Calculate appropriate departmental overhead absorption rates for period 1. [6] (b) Calculate the cost of the batch of pretend pumpkins using the departmental [6] absorption rates calculated in part (a). (c) Calculate the under/over absorption amount for both the Moulding and [6] Painting departments for period 1. (d) Describe TWO key roles of the Management Accountant. [2]