2. Suppose that the company bases its predetermined overhead rate on the estimated overhead cost and the estimated p staff-hours to be charged to clients as in Part (1) above. Also suppose that the actual professional staff-hours charged to clie accounts and the actual overhead costs turn out to be exactly as estimated in both years. By how much would the overhea underapplied or overapplied in 20X1? In 20X2? (Do nor leave any empry spaces; inpur a 0 wherever is is required.) 3. Refer back to the data concerning Miyami in Part (1) above. If the company bases its predetermined overhead rate on the overhead cost and the professional staff-hours available, how much overhead cost would have been applied to Miyami's a 201 ? In 202 ? 4. Suppose that the company bases its predetermined overhead rate on the estimated overhead cost and the professiona available as in Part (3) above. Also suppose that the actual professional staff-hours charged to clients' accounts and the ac Estate Pension Services helps clients' set up and administer pension plans that comply with tax laws an firm uses a job-order costing system in which overhead is applied to clients' accounts on the basis of p to the accounts. Data concerning two previous years appear below: "Professional staff-hours available" is a measure of the capacity of the firm. Any hours available that are accounts represent unused capacity. Required: 1. Jennifer Miyami is an established client whose pension plan was set up many years ago. In both 20x hours of professional staff time were charged to Miyami's account. If the company bases its predeterm estimated overhead cost and the estimated professional staff-hours to be charged to clients, how muc 2. Suppose that the company bases its predetermined overhead rate on the estimated overhead cost staff-hours to be charged to clients as in Part (1) above. Also suppose that the actual professional staff accounts and the actual overhead costs turn out to be exactly as estimated in both years. By how mu underapblied or overapblied in 201 ? In 20X2? (Do not leave anv emptv spaces: input a 0 wherever 4. Suppose that the company bases its predetermined overhead rate on the estimated overhead cost and the available as in Part (3) above. Also suppose that the actual professional staff-hours charged to clients' accoun overhead costs turn out to be exactly as estimated in both years. By how much would the overhead be under 201? In 202