SECTION A Answer ALL the questions in this section. Question 1 [100 MARKS] Study the information given below and answer the following questions: 1.1 Prepare the Overhead Allocation Statement. (16 marks) 1.2 Calculate the overhead allocation rate (expressed to the nearest cent) for Production Department (2 marks) A. 1.3 Calculate the overheads applied to each unit of the product from Production Department A. INFORMATION (2 marks) Stimvac Ltd gathered the following statistics in order to allocate their overheads among the different departments for 2022: Production Department A Production Department B Service Department K Direct labour hours 25 000 10 000 5 000 Machine hours 10 000 2 500 2 500 Number of employees 750 375 125 Floor space 10 500m 3 000 m 1 500 m Value of machinery R250 000 R150 000 R100 000 Materials used R650 000 R200 000 R150 000