1. Ulysses Company estimates overhead of P225,000 for next year. An estimated 25,000 units will be produced, with materials cost of P500,000. Conversion will require an estimated 56,250 direct la bor hours at a cost of P8 per hour and an estimated 75,000 machine hours. Required: Compute the predetermined overhead rate to be used in applying factory overhead to production on each of the following bases: (a) Units of production (b) Materials cost (c) Direct labor hours (d) Direct labor cost (e) Machine hours