Timeline manufactures various products and presents you with the following actual costs for October 2021 JOB NUMBER DIRECT MATERIAL DIRECT LABOUR DIRECT LABOUR COST COST HOURS R2 500 R1350 9800 284 R950 R500 6 140 R750 R250 2.000 089 285 The budgeted information is as follows Manufacturing Overheads Direct Material R295 000 R147 500 Direct Labour R73 750 Labour hours 1472 000 Calculate the Overhead application rate using: MAKE SURE YOU WRITE THE FULL CALCULATION. EG. 100000/120000 1 Labour Hout Basis R 2 Material Cost Batis Calculate the Overhead application rate using: MAKE SURE YOU WRITE THE FULL CALCULATION. EG. 100000/120000 1. Labour Hours Basis = R 2. Material Cost Basis = R Calculate the Total Cost of Job 285, if overheads are recovered on a labour hour basis NO SPACES BETWEEN THE FIGURES EXAMPLE: 1000 NOT 1 000 Direct Material R Direct Labour R Overheads IR Total Cost R of Job 285, if overheads are recovered on a labour hour basis E FIGURES EXAMPLE: 1000 NOT 1 000 IR R R R f Job 284, if overheads are recovered on a material cost basis R IR R R EN a TER 99+ Timeline manufactures various products and presents you with the following actual costs for October 2021. JOB NUMBER DIRECT MATERIAL COST DIRECT LABOUR COST DIRECT LABOUR HOURS 283 R2 600 RT 350 8 800 284 R950 R500 3 140 285 R750 R350 12 000 The budgeted information is as follows: Manufacturing Overheads Direct Material R295 000 R147 500 Direct Labour R73 750 Labour hours 472 000