S & Co. manufacture product A at the rate of 80 pieces per hour. The company has been producing and selling 1,60,000 units annually during the period 2003 to 2007. However, during the year 2008 the company was able to produce 1,46,000 units only. The company's annual fixed overhead for the year 2008 amounted to 5,84,000. The company works on single shift only at 8 hours per day and 6 days a week. The company had declared 13 holidays during 2008. The quarterly preventive maintenance and repairs work involved 77 hours. You are required to : (i) Calcule the maximum, practical, normal and actual capacities in 2008 in terms of hours; (ii) Compute the idle capacity and hourly rate for recovery of overhead rates for each of capacities com- puted at (i) above. (iii) Prepare a statement showing the idle capacity cost assuming that the overhead rates of recovery are based on the various capacities arrived (i) above