4.1 Calculate the overhead applied to Job #345. (3 marks) 4.2 Calculate the total cost of Job #345. (4 marks) 4.3 If price is calculated by applying a 30% mark up on cost, what is the price for Job #345? (4 marks) 4.4.Assume Job #345 required two setups, 15 moves, and 700 machine hours. Calculate the overhead applied to Job #345. (4 marks) 4.5.Assuming a 50% mark-up on cost, what is the price of Job #345 using the overhead rate calculated in part D. (4 marks)

Question 4 [19 marks] The ABC Company uses activity-based costing to determine product cost. Three activities and their rates have been calculated as shown below. Setting up equipment R500 per setup Moving goods R20 per move Machining = R4 per machine hour ABC provided the following data from the job order cost sheet for Job #345 Direct materials R2,000 Direct labor 1,800 Setups 1 Moves 30 Machine hours 900