A company absorbs overheads based on labour hours. Data for the latest period are as follows. Budgeted labour hours 8,500 Budgeted overheads $148,750 Actual labour hours 7,928 Actual overheads $146,200 (a) Based on the data given above, what is the labour hour overhead absorption rate? (b) Based on the data given above, what is the amount of under-/over-absorbed overhead? (c) Two iobs were manufactured for customers. Direct costs are as follows: Calculate the total costs of each job using the labour hour overhead absorption rate calculated in (a) above