Additional information is also provided below: Required: a) Prepare in column form a statement calculating the overhead rates for each machine hour and each direct labor hour for cach of the thitied production units. You should use the correct basis of apportionment and absorplion which you consider most appropriake and the bases uned should be stated in the statement. (30 Maris) b) 1. Define the meaning of the term 'cost object' and provide three examples of cost objects. W. Why are indirect costs not directly traced to cost objects in the sarne way as direct costs?. (4 marks) ii: Bitinguigh between product costs and period costs. (Totat:- 40-Marks)