Question 2 Longlive Son Bhd (LSB) uses a normal job order costing system. There are two departments, Assembly and Finishing. through which most jobs pass. Selected budgeted and actual data for the previous year as follow: Assembly Finishing Budgeted overhead RM330,000 RM1.000.000 Actual overhead RM110.000 RM520,000 Expected direct labour hours 150,000 hours 25,000 hours Expected machine hours 25.000 hours 125,000 hours During the year, several jobs were completed. Data pertaining to of the job, Job 330 are as follows: Direct materials RM730.000 Direct labour cost: Assembly (5,000 hours @ RM12 per hour) RM80,000 Finishing (400 hours @ RM12 per hour) RM4.800 Machine hours used: Assembly 100 hours Finishing 1,200 hours Units produced 10,000 units Required: :) Calculate overhead absorption rate (OAR) for each department. Use direct labour hours for assembly and machine hours for finishing b) Using the above OAR, compute per unit manufacturing cost for Job 330. (Note: Round the unit cost to the nearest cent). c) Recalculate the unit manufacturing cost for Job 330 using blanket overhead rate (use direct labour hours)