NIKIT Question 7 (13 MARKS)-Suggested time-15 min Use the information below to answer the following question(s). Bob's Electronics Inc. manufactures high-tech screens for computers. In June, the two production departments had budgeted allocation bases of 50,000 machine hours in Department 1 and 30,000 direct manufacturing labour hours in Department 2. The budgeted manufacturing overheads for the month were $105,000 and $258,000, respectively. For Job 101, the actual costs incurred in the two departments were as follows: 21,900 10,109 41,300 64,500 Mou 9300 1,500 1635 3,450 1050 Job 101 incurred 2,000 machine hours in Department 1 and 500 manufacturing labour hours in Department 2. The company uses a budgeted departmental overhead rate for applying overhead to production. A) What is the budgeted indirect cost allocation rate for Department 1? (4 marks) B) What is the budgeted indirect cost allocation rate for Department 2? (4 marks) C) What is the total cost assigned to Job 101 based on normal costing? (5 marks)