Assessment: Management Accounting Product Costing ASR Group of Companies Ltd has four categories of overheads. The four categories and the expected...

Determine the amount of overheads that would be allocated to the proposed job if direct labour hours are used as the volume-based cost driver.

Determine the total cost of the proposed job.

Determine the company's bid if the bid is based upon full manufacturing cost plus 40%.

Determine the amount of overheads that would be applied to the proposed job if activity-based costing is used.

Determine the total cost of the proposed job if activity-based costing is used.

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30%.

Which product costing method produces the more accurate costing? Briefly explain.