Question: please answer first and second questions housed in the new premises, the details of which, together with other statistics and information, The two production departments

 please answer first and second questions housed in the new premises,
the details of which, together with other statistics and information, The two
please answer first and second questions

housed in the new premises, the details of which, together with other statistics and information, The two production departments - A and B and the two service departments - X and Y are are given as follows: 2,200 Departments Production Depts. B Machine value 2.400 2.600 M2 2.500 2.000 Number of workers 150 120 Direct labour hours 1,900 1,700 Labour rate per hour $2.60 $3 Service department X's costs apportioned %65 %.35 Service department Y's costs apportioned %40 %60 Service Depts Y 1.200 1.200 800 110 800 $1.30 100 900 $3.50 Required: 1. Assign all overhead costs to all departments (Step 1) (20PTS) 2. Assign service department costs to production departments by using Direct method (Step 2) (20PTS). 3. Find overhead application rates for production departments (Cost driver for both Production departments is direct labour hours) (12PTS). alestion 3 Cyprus Company produces mobile phones. The following cost information is availat - the period ended December 31, 2021: Materials put into production: $200,000 of which 60% was direct Labour cost for the period: $150,000 of which 30% was indirect Electricity cost: $20,000 Development Cost: $20,000 Insurance cost: $10,000 - Advertising cost: $5,000 Management cost: $12,000 ired: Please calculate product cost (10 PTS) . Please calculate conversion cost (10 PTS) res Cyprus Company Produce molile Phones. The following cost information is civaliable at the Period ended December 31, 2021 Materials put into Produchon: $ 200,000 of which 160 % was direct) Labor cost for the Period: $ 150,000 of which 1307 was indirect) Electrecity cast : $ 20,00 Development: $ 20,000 Insurance Cost : $ 10,000 Adver Sting Cost : $ 5000 Managment Cost : $ 12,000 Please Calculate Product costs

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