QUESTIONS -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 Q X Y 91,876 81.135 42,142 29,195 It has been estimated that each service cost centre does work for other cost centres in the following proportions: P 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? - Which of the following is not an assumption of cost-volume-profit (CVP)? It is possible to distinguish between fixed and variable costs a. b. The entity sells multiple products C. The entity maintains a constant sales mix Cd. CVP analysis applies to the relevant range only e. Profit is calculated on a variable costing basis