Question xx Ltd has identified the following overhead costs and cost drivers for next year REQUIRED 1. Calculate the predetermined rate for the plant using FBC based on DHL for each job 2. Calculate total product cost using FBC based on DHL for each job 3. Calculate the unit cost for each job 4. Is the overhead over-applied or under-applied For class work only Job 700 Overhead Items Setups cost Ordering Cost Maintenance cost Power Cost Driver Number of setups Number of orders Machine Hours Kilowatt hours E cost) $ 40,000 70,000 50,000 30,000 El actual transactions) 400 4,000 15000 45000 + + The following is one ofthe jobs completed during the year Direct materials Hourly rate Units completed DLH Number of setups Number of orders Machine hours Kilowatt hours Actual overhead Product X $2000 15 450 140 2 10 150 60 $2500 Product Y $1600 20 300 70 1 4 90 25 $1050 The company's practical activity is 15000 machine hours