Task 1A Company X has budgeted the following for the coming month: Production Product A Product B 1500 Units 4000 Units Direct material Product A Product B 22 GBP/unit 7 GBP/unit Direct labour Machine hours Product A Product B 14 hrs/unit 1 hrs/unit Product A Product B 8 hrs/unit 2 hrs/unit Rate 5 GBP/hour Overheads Total 120 000 30 000 GBP 22 000 GBP Indirect labour costs Depreciation of machinery Rent and rates Heating, lighting and power Indirect materials Other indirect costs 45 000 GBP 15 000 GBP 6 000 GBP 2000 GBP Prepare conventional (full absorption) cost allocation for product