A company is switching from traditional overhead allocation system based on machine hours to activity based costing system using machine hours and production setups as measure of activity. The following information is gi

A company is switching from traditional overhead allocation system based on machine hours to activity based costing system using machine hours and production setups as measure of activity. The following information is given : Machine hours 40,000 and per hour overhead rate ₹5. Number of production setups 2000 and per setup overhead rate ₹20. A job for current year required 28 machine hours and 2 production setups. Would this job have been over costed or under costed, under the traditional system and how much?