A company that does consulting calculates the total cost for doing a job using a combination of the consulting time spent with the client at a rate of $95 per hour, plus overhead allocated at a rate of $20 per consulting hour. The total consulting hours estimated for the year is 5,000 hours. The company is considering using activitybased costing {ABC} to allocate overhead. All overhead costs can be assigned to the following activities: Activity Estimated Activity Activity Rate Travel to jobs 1500 kilometres {km} 52.50! km Copying 300 copies $15icopy Administration 2,000 administration hours EEEihr The company completed a jot: for a client using a total of :13 consulting hours. In addition, the job required total travel of 212 kilometres, total administration time of 1? hours, and preparation of three copies. Required: 1. Determine the total cost of the jot: using the traditional costing system. {2 marks] 2. Determine the total cost of the jot: using the ABC system. [4 marks} 3. For this job, which method of applying overhead results in a higher prot if the selling price is the same for both methods? How much higher will the prot he? {2 marks} 4. Calculate the price charged to the client for thisjob ifthe company uses a 25% markup of the ABC cost. {1 mark} 5. For a manufacturing company, 1.vhy is ABC usually not acceptable for external reporting that follows lGenerally Accepted Accounting Principles [EMF]? ['1 mark}