Please answer the following question

(3) If the actual overheads incurred on Production Department A and Production Department B amount to $ 70,483 and $ 52,874 and the overheads absorbed based on pre- determined rates (as calculated in question 1) on actual hours worked amount to $73,098 and $51,606 respectively, will there be any over allocation of overheads or under-allocation of overheads? Show the calculations clearly

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If

KLM Ltd manufactures a single product A. It has two production departments (cost centers) namely Department A and Department B. Information about the overheads allocated to these two departments (A\&B) is given below: KLM Ltd executes a job no. 847. The cost and output details of Job No.847 are given holower Production Department (A \& B) overheads allocation to Job No. 847 will be as follows: (a) Production Department A overheads will be allocated based on machine hours (b) Production Department B overheads will be allocated using direct labour hours Required: (1) Calculate overhead absorption rate for Production Department A and Production Department B allocation bases given above (10 marks) (2) Calculate the total cost of Job No. 847 (10 marks) (3) If the actual overheads incurred on Production Department A and Production Department B amount to $70,483 and $52,874 and the overheads absorbed based on predetermined rates (as calculated in question 1) on actual hours worked amount to $73,098 and $51,606 respectively, will there be any over-allocation of overheads or under-allocation of overheads? Show the calculations clearly here (10 marks)