Determining job costs using activity-based costing Iglesias Manufacturing Company uses activity-based costing. The factory overhead budget for the coming period is \(\$ 500,000\), consisting of the following:

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Cost Pool Direct labor support Machine support Machine setups. Design changes Totals Budgeted Amount $150,000 200,000 100,000 50,000 $500,000 The potential allocation bases and their estimated amounts were as follows: Cost Pool Number of design changes. Number of setups Machine hours Direct labor hours: Budgeted Amount 50 200 10,000 20,000 Required: 1. Determine the overhead rate for each cost pool, using the most appropriate allocation base for each pool. 2. Job 2008 required $25,000 for direct materials, $10,000 for direct labor, 500 direct labor hours, 1,000 machine hours, three setups, and five design changes. Determine the cost of Job 2008.