QUESTION TWO Bobich Ltd manufactures plastic containers for the pharmaceutical industry. The factory, in which the company undertakes all its production has two production departments namely: Cutting and Shaping and two service departments- Stores and Maintenance. The information below was extracted from the companys budget for its financial year ended 31 March 2019. Allocated Overhead Costs GH Cutting Department (Cutting) 28,000 Shaping Department (Shaping) 32,000 Stores Department (Stores) 7,000 Maintenance Department (Maintenance) 5,600 Other Production Overheads GH Factory rent 525,000 Factory building insurance 140,000 Plant & machinery insurance 78,000 Plant & machinery depreciation 117,000 Canteen subsidy 300,000 Direct Costs GH Cutting Department 288,000 Shaping Department 420,000 The following additional information is also provided: Cutting Shaping Stores Maintenance Floor area (square metres) 36,000 24,000 6,000 4,000 Value of Plant & Machinery (GH) 600,000 100,000 50,000 30,000 Number of stores requisitions 2000 1000 - - Maintenance hours required 5400 4,000 600 - Number of employees 68 120 8 4 Machine hours 24,000 4,400 - - Labour hour 18,000 30,000 - - Required: i) Prepare an overhead analysis sheet based on the above information. You must clearly state the basis used for any apportionments. ii) Re-apportion the service department costs and calculate the most appropriate overhead rate for each department. (Rate should be calculated to two decimal places).