\\( \\underline{\\text { Part } 1} \\) Middle Ltd. has provided the accountant with the following information: Required: a. Calculate the following: i. The reorder level ii. Minimum stock level iii. Maximum stock level (2 marks) (2 marks) (3 marks) (4 marks) \\( \\underline{\\text { Part } 2} \\) CCCJ Ltd has provided you (the accountant) with following information relating to the purchases and sales of computers for 2012: On January 12012 the stock of computers on hand comprised 7 units with a total value of \\( \\$ 96.60 \\) Required: Prepare stores ledger for the year using: i. The first in, first out (FIFO) method ii. The last in, first out (LIFO) method (7 marks) (7 marks) (Total 25 marks) Cartaract Engineering Limited offers specialist engineering services to the Auto industry. It has two production departments -Machining and Finishing and a service department which maintains the machinery of both departments. Budgeted production overheads for the forthcoming year are: The following information is also available: The factory works a 35 hour week for 47 weeks each year. You are required to: a. Prepare an overhead analysis sheet showing the basis of apportionment to the three departments of the business. (19 1/2 marks) b. Calculate the overhead absorption rate based on direct labour hours for each of the two production departments. (4 marks) c. Define over and under absorption of overheads (1 1/2 marks) (Total 25 marks) Production levels and associated costs for a company are given below: Required: i. State whether each item of expense is fixed, variable or mixed. (3 marks) ii. Using the High Low Method, determine for each cost the variable cost per unit and total fixed cost. (6 marks) The following costs and related levels of activity were observed over several periods: Required: Using the least square method of linear regression, determine the: i. variable cost per unit (10 marks) ii. total fixed cost (4 marks) iii. total costs at an estimated production level of 710 units (2 marks)