Question 5 (8 points) Renovation Ready company uses activity-based costing to allocate overhead. The activity cost pools along with their activity measures and activity rates are as follows: Activity Cost Pool Demolition/removal Removing asbestos Estimating Framing Electrical installation Plumbing installation Finishing Activity Measure Number of square metres Number of surface square metres Number of jobs Number of square metres Number of linear metres Number of fixtures Number of direct labour-hours Activity Rate $2.50 per square metre $3.00 per square metre $375.00 per job $3.50 per square meter $4.00 per linear metre $90.00 per fixture $7.00 per direct labour-hour Renovation Ready completed three remodeling jobs for one customer. The three jobs combined required 284 surface square metres of asbestos removal, 296 square metres of framing, four fixtures installed, and 75 direct labour hours. Direct material totalling $4,500 was used, and the direct labour rate is $35 per hour. Required: 1. Calculate the total overhead cost (5 marks) 2 Calculate the total cost