Southern Tacks is a furniture manufacturer Southern Tacks' factory consists of two departments, Cutting and Polishing All jobs pass through both departments. As at the start of March (1 March 2020) Southern Tocks had two jobs that were being worked on in its factory: Work in Process inventory as at 1 March Cutting Polishing Total Cost $ Notes Department Department $ $ Job 102 960 960 Partly completed in Cutting Dept Job 103 2,840 2,840 Transferred from the Cutting Dept. to the Polishing Department. Still being worked on in the Polishing Dept. The following details were obtained from March Factory Manufacturing documents: Dired Raw Materials issued Cutting Department Polis Polishing Department Job $ $ 102 65 100 103 53 104 300 tttt Direct Labour Costs Cutting Department Polishing Department- Job se se 102150- 300 103 630 104620 Overheads are applied to jobs as follows:- Cutting Department on the basis of Machine hours Polishing Department on the basis of Direct Labour hours Total Estimated Factory Operations data for the year ending 30 June 2020:- Machine Operating Hours Direct Labour Cutting Department 1875 1,350 Polishing Department 940 2.700 The following details relate to the Factory Operations during March 2020:- Job le 102 103 104 Machine Operating Hourse Cutting Department Polishing Department- 25 40 100 120e Direct Labour Hours Cutting Department Polishing Department 302 600 Job 1024 103 104 150- 140 Estimated Factory Overheads for the year ending 30 June 2020.- Cutting Department $ Indirect Materials 9.800 Indirect labour 4080 Electricity 6.120 Depreciation on Factory Equipment 10.200 Polishing Department $ 2.400 7,600 5,520 6.000 You are required to: 9. Calculate the Overhead application rate for the Cutting Department ii. Polishing Department b. Give a reason why the business may have chosen different Overhead allocation rates for the different departments, C. Calculate the total cost of producing each of the following Jobs as at 31 March 2020 show- all your working: Job 102 ii. Job 103 iii. Job 104 d. Calculate the cost of work in process inventory as at 31 March 2020, given the following: Job 102 Wos completed in the Cutting department, transferred to the Polishing Department and is still in progress. Job 103 Wos completed in the Polishing department and sold on 25 March Job 104 Was still being worked on in the Cutting department- e. Calculate the profit made on Job 103 given that Southern Tacks applies a mark-up of 1509 on all goods sold. f. Explain why the amount of overhead applied to jobs during a period may not equal the actual overhead cost for the period