3 If the allocation overhead rate for labour is 40% of the labour cost, how much are the budgeted labour costs if the budgeted manufacturing overheads are R120 000? O A. R3 000 O B. R300 000 O C. It cannot be determined. O D. R48 000 4 The determination of an overhead allocation rate is determined by dividing the total overheads of a manufacturing department by a suitable basis upon which this rate can be based. Select one: True O False 5 Which of the following is an example of a variable cost? A. Salaries of three supervisors OB. Lease payments on office equipment O C. Depreciation of the machinery using the straight-line method OD. Staples used during the assembly process of products