Ali Company as follows: Previously, Sherif, Ali Company's controller, had applied overhead on the basis of machine hours. Expected machine hours for the coming year are 10,000. Sherif had been reading about activity-based costing and he wonders whether it might offer some advantages to his company. He decided that appropriate drivers for overhead activities are purchase orders for purchasing, number of setups for set up cost, engineering hours for engineering cost and machine hours for other. Budgeted amounts for these drivers are 5,000 purchase orders, 1,000 setups and 500 engineering hours. Sherif has been asked to prepare cost calculation for two jobs with the following information: 1. (5 Marks) Using the templates below. For the first template, calculate job activity rates for the four overhead activitine 2. (2 Marks) What is the product cost calculation for Job 1. Place your answer here: Show your work below