lestion Completion Status: QUESTION 5 15 points Save Ansv Sampson Jewelry Corporation manufactures custom jewelry. In the past, Sampson has been using a traditional overhead allocation system based solely on direct labor hours. Sensing that this system was distorting costs and selling prices, Sampson has decided to switch to an activity-based costing system using three activity cost pools. Information on these activity cost pools are as follows Activity Cost Pool Total Cost otal Activity Labor Related $40,000 8,000 Direct labor hours Machine Related $50,000 2,500 Machine Hours Quality Control $12,000 800 Inspections Sampson has received an order and will complete as Job #309 and expect to incur $900 of direct material, 30 hours of direct labor at $40 per hour, 80 machine hours, and 5 inspections. Sampson needs a markup of 40% on the job. Required: A). Calculate the activity rate and compute is the expected cost of job#309 under the activity-based costing system? What should be the quote on this job? (9 Mark) B). Relative to the activity-based costing system, would Job #309 have been overcoated or undercoated under the traditional system and by how much? (6 Mark) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt v v A v IX E EE x2 X2 . .. IT The + ABC V 1 1 0 0 X T ( + + P O WORDS POWERED BY TINY