Eastern Enterprises has three departments; Welding, Assembly and Spraying. Welding calculates its predetermined overhead absorption rate based on machine hours; Assembly is based on direct labour hours while Spraying is based on direct labour cost. On 2021 January 01, the company had the following estimates: WELDING ASSEMBLY SPRAYING Production overhead costs $720 000 $700 000 $412 500 Direct labour cost $35 000 $120 000 $150 000 Machine hours 36.000 2 500 5.000 Direct labour hours 4.000 20 000 8.000 The labour rate is $150 per hour for all departments. Job 303A which was started and completed during the year showed the following: Direct material Direct labour hours Machine hours WELDING ASSEMBLY SPRAYING $5 500 80 $7 200 150 $9 500 100 800 100 50 Rental of equipment for job 303A will amount to $35 275. Additional Information: Eastern Enterprises recovers selling, distribution and administrative overheads at a rate of 20% of production costs and profit is based on a margin of 20%. A. Compute overhead absorption rates for each department. (6 marks) B. Calculate the cost of Job 303A, clearly showing expected profit and selling price. (14 marks)