QUESTIONS 1. A factory consists of two production cost centres (P and Q) and the two service centres (X and Y). The total allocated and apportioned overhead for each is as follows: P x Y 92.187 81.744 42,300 28,169 It has been estimated that each service cost centre does work for other cost centres in the following proportions: Q X Y Percentage of service cost centre X to 50 50 Percentage of service cost centre Y to 30 60 10 . The reapportionment of service cost centre cost to other cost centres fully reflects the above proportions. After the reapportionment of service cost centre costs have been carried out, what is the total overhead for production cost centre P? 2. Using the following information, what is the product cost of a unit under the absorption costing method? NB: Give your answer as a number only and leave out the units (e.g. 20 and not R20 per unit) Units manufactured 1 000 Fixed overheads R6 000 Fixed selling and admin cost R2 000 Per unit costs: Direct labour R8 Direct material R4 Variable overhead R5 Variable selling and administrative R2 | 1. Financial accounting is characterised by which of the following: . Reliability b. Consistency Objectivity Od. Historical nature All of the above