Overhead costs

Part 5 Overhead costs (15 marks) The manufacturing company},r prepares the following budget for 2020. Factoryr overhead .5 96,000 5 200,000 _ This company,r uses a predetermined overhead rate for applying overhead based on machine hours for 'machining' and direct labour cost for 'nishing'. You are given the following actual information about one job: _ Required: (1} Compute the total cost [full cost] for this job. (10 marks} (2} Why we need to develop Activity-based costing {ABC} (5 math)