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cenario: Handy HeadphonesHandy Headphones is an Irish company that is manufacturing lightweight, flexible, Bluetoothenabled and waterproof headphones. It is proving to be very popular among people wanting to listen to music in the shower or while swimming on holiday or at community leisure centres’ lane swimming sessions (mainly because of their £159 price tag).Before the headphones can be delivered to the warehouse for distribution, they pass through a fivestage production process. The headphones start in the moulding department and work their way through the wiring department, IT department, polishing department and, finally, the packaging department.As well as these five production departments, there are two other non-production departments within this factory. These two service departments are the canteen and the maintenance department. All employees who work in this factory have the benefit of eating at the subsidized canteen. The maintenance department is responsible for the general maintenance and repairing of the machinery within the whole factory. Handy currently make 2,500 headphones.The forecast figures for the Handy Headphones for 2020 are as follows:Factory rent£140,000Re-decorating of moulding department £20,000Electricity cost£30,000Depreciation of machinery£5,000Direct materials£24,000Direct labour – skilled workers £20,000Direct labour – unskilled workers £26,000Direct expenses£10,000Training for IT department staff £6,500Packaging department floor resurfacing£3,000New machinery for maintenance department£23,500Canteen redesign£55,000The departmental specifications are provided below:EMPLOYABILITY SKILLSArea (m²) 1,000 800 550 650 700 60 70 3,830Machine value (£) 20,000 4,000 55,000 38,000 23,000 — 20,000 160,000Number of staff 10 40 12 6 12 20 — 100Practical taskUse a spreadsheet to complete the following task:1 You are a newly appointed cost accountant for Handy Headphones and you are curious to know what the total cost per headphone is working out at. You need to analyse the overhead costs, how they are allocated, apportioned and reapportioned as there may be some changes made by the management accountant based on your findings. The management accountant would also like to know how all these costs would be shown on the standard cost card.Research and presentationUsing PowerPoint, present the outcome an