Section B (70 marks) Everfood offers convenient and perfectly portioned nutrition on-the-go, helping consumers gain nutrients for their diet plan. They have 2 main processes: preparation and packaging. Conversion costs are incurred evenly throughout the process. The following information is for the cooking department in March 2021: Work in process, 1st March: Units 0 Transferred in 0 Direct Materials O Direct Labours 0 Overheads 0 During March, 76,900 units were completed and transferred to packaging. The following costs were incurred by the preparation department during March: Production started: Units 101,000 Transferred in 0 Direct Materials 375,720 Direct Labours 157,500 Overheads 98,505 On 31st March, Work-in-Process Inventory in the preparation department was 35% of the way through the assembly process. (1) Required: Prepare a cost of production report using the for the preparation department (45 marks) (2) Besides the mass production of nutritious foods, Everfood accepts customised order for other clients. The following information is for Job3B in March 2021. This job order was estimated to require 240 labour hours. Direct labour hours 22,000 hours Direct labour costs 2,750,000 Rental 390,000 Staff salaries 1,685,000 Utilities 400,000 Required: Calculate Everfood's (a) hourly direct labour cost rate; (b) pre- determined overhead allocation rate; and (c) predicted cost for Job 3B. (25 marks)