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Good afternoon, I require all the parts please. Thanks Lotus Ltd has identified the following overhead costs and cost drivers for next year Overhead liems

Good afternoon, I require all the parts please.
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Lotus Ltd has identified the following overhead costs and cost drivers for next year Overhead liems E costs Power 15000 Maintenance cost 7800 Ordering cost 6150 Set ups cost 4500 Cost Driver El activity Number of setups 400 Number of orders 4.000 Machine Hours 5.000 Kilowatt hours 52000 The following is one of the jobs completed during the year Product A Product B Direct materials S1200 $1300 Hourly rate 25 30 Units completed 125 DLH 140 70 Number of setups 4 6 Number of orders 20 Machine hours 250 100 Kilowatt hours 75 4 Actual overhead SI 500 $950 150 9 The company's practical activity is 9800 machine hours REQUIRED Part ! 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 cach Product 4. Is the overhead over-applied or under-applied? Part 2 5. Calculate the predetermined rate for the plant using ABC based on machine hours for each job 6. Calculate product cost under ABC 7. Calculate the unit cost for each Product (ABC) 8. Is the overhead over-applied or under-applied under ABC? 9. Compare the result of FBC and ABC

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