QUESTIONS PART 1: STORM LTD The buses incurs the following costs for the next financial year Dinct mater 110,000 indred mats 23,000 Direct labour sine 18.000 26.000 Depreciation of eq4000 Supervan saares,000 Design time cost over 000 Direct our cont432,000 Oher miscaneous indirect cost eleresohead 17.000 The business has noved an enquiry about a loft conversion is e will take 220 direct labour hours to complete will also require direct materials a 21,300 The policy of the business to charge a mark-up of 45% on the cost of the job when charging customers. The business normally unes a direct labour hour basis of charging Requirements: Calculate the full (absorption cost of converting the loft and price to be charged to the customer. Provide all supporting workings in detail (mark PART 2: SKY BAKERY LTD Sky Bakery manufactures identical pes in belches During Apil perio produced 1,500 butches in total. Each batch product excludes 250 pi The total cued in March were ingredients Oect Labour 274.000 226.300 700 Required A. Calculate cost per batch and cost per pie 2 marks) selling price is 33 per unit, calculate the AMI 16 MacBook Air a F5 G 32 F6 % 95 5 16 DD DII F7 F8 & 87 7 8