Question: 1) Using the simple costing system, calculate the total overhead allocated to each job under simple costing system, where overhead is allocated base on machine

 1) Using the simple costing system, calculate the total overhead allocated

1)

Using the simple costing system, calculate the total overhead allocated to each job under simple costing system, where overhead is allocated base on machine hours

2)

Using Activity Based Costing System, calculate the total overhead cost to each job under an ABC costing system.

3)

Compare the cost of overhead using the simple and ABC systems and explain with or which system the company should choose in its bidding process.

and yes it is based on coasting and use simple costing system in q1 and Activity Based Costing System in q2 an q3 compair betwen q1 and q2 .. thanks

activity driver are as follows: Required (show your workings and round it to the nearest two decimal points): 1) Using the simple costing system, calculate the total overhead allocated to each job 20 marks under simple costing system, where overhead is allocated base on machine hours 2) Using Activity Based Costing System, calculate the total overhead cost to each job 50 marks under an ABC costing system. 3) Compare the cost of overhead using the simple and ABC systems and explain with 30 marks or which system the company should choose in its bidding process

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