QUESTION ONE Katondo Ltd uses a job costing system at its Mukobelo, Kabwe plant. The plant has a machining department and a finishing department. Katondo Ltd uses normal costing with trvo direct-cost categories (direct materials and direct manufacturing labour) and tvo manufacturing overhead cost pools (the machining department with machine - hours as the allocation base, and the finishing department with direct manufacturing labour costs as the allocation base). The 2021 budget for the plant is as follows: Machining Finishing Department Department 00 K'000 Manufacturing Overhead cost 21 320 14 754 Direct manufacturing labour cost 1 880 7 600 Direct manufacturing labour hours (lb) 72.000 lb 290 000 lb Machine hours (mh) 410 000 mh Required 1. To prepare an overview diagram depicting the job-costing system in Katondo Ltd. 2. To compute the budgeted manufacturing overhead rate in: The machine department and the finishing department 3. During the month of January 2021, the job-cost record forjob XYZ shows the following: Machining Finishing Department Department K'000 Direct material used 31 000 Direct manufacturing labour cost 800 2 2000 Direct manufacturing labour hours Machine hours 260 mh 40 mh 64 000 mh K'000 10 000 100 h 100 lb 4. Compute the total manufacturing overhead cost allocated to job XYZ and and Assuming that job XYZ consisted of 400 units of product, compute the cost per unit? 5. The following amounts were obtained at the end of 2021: Machining Department K'000 Manufacturing Overhead incurred 22 140 Direct manufacturing labour cost 2 000 Machine hours (mh) 420 mh Finishing Department K'000 16 472 8 900 62 mh 6. Compute the under over allocated manufacturing overhead for each department for the Mukobelo plant as a whole and explain why Katondo Ltd uses two different manufacturing overhead cost pools in its job costing system