buy the component Show the calcun Question Tomson has identified the following overall costs and cost drivers for next year Overhead Items (Budgeted Ecos) Power 27.000 Maintenance cost 17 DO Ordering cost 8.150 Cost Driver (Budgeted Ef activity Number of orders 4,000 Machine Hours 5.000 Kilowat hours 52000 The following is one of the jobs completed during the year Product Product Direct materials $2200 SE200 Direct Labour $ 2500 S3030 Units completed 210 200 of anders 40 20 Maching hours 350 Kilowat hours 200 400 Actual overhead SINDO SI550 The company's policy uses muching hours as the activity for FBC hod REQUIRED Part 1 1. Calculate the predetermined rate for the passing FBC based on machine hors for each job 2. Calculate total product casting Fachased on Machine hours for each job 3. Calculate the unit cost for each Product 4. Is the overhead over-applied or under-applied Question 3 Tomson Lid has identified the following overhead costs and cost drivers for next year Overhead Items Budgeted] E cost) S Power 27,000 Maintenance cost 17.800 Ordering cost 8.150 Cost Driver [Budgeted] Ef activity) Number of orders Machine Hours Kilowatt hours 4,000 5.000 52000 The following is one of the jobs completed during the year Product A Product B Direct materials S2200 53300 Direct Labour $ 2500 S 3030 Units completed 210 100 # of orders 40 21 Machine hours 350 256 Kilowall hours 200 400 Actual overhead SINDO SI550 The company's policy uses machine hours as the activity for FBC method REQUIRED Part 1 1. Calculate the predetermined rate for the plant using FBC based on machine hours for each job 2. Calculate total product cost using FBC based on Machine hours for cach job 3. Calculate the unit cost for each Product 4. Is the overhead over-applied or under-applied